While the town's population is small, it services a large agricultural district in the northern Wickepin Shire.

Yealering was a siding on the Wickepin to Corrigin section of the Merredin to Narrogin railway line, which opened on 8 June 1914.

The W15 POW Control Centre was run by Lt. W. Baker from 19 April 1944 to 12 October 1944.

After the Government's announcement of a railway from Wickepin to Merredin, a townsite was surveyed and in 1912 the town was gazetted, and already by that stage included a primary school, post office and several other buildings.

The nearby lake has several recreational options including water skiing, an 18-hole golf course and a caravan park.