After World War II, the Kiewa electrical scheme was started in the Kiewa River valley by the State Electricity Commission of Victoria. On land previously used only for summer cattle grazing in the natural alpine grasslands, the first ski lodge was built in 1948 by workers from the scheme. The first lift, a rope tow, was built in 1951 and the first chairlift in Australia was constructed there in 1957. Falls Creek Post Office opened on . The high plains in the area were used for summer cattle grazing from 1851 until 2005, when the Government of Victoria did not renew grazing licences due to concerns about the cattle's impact on the fragile alpine environment. Some of the cattlemen's huts still survive and are a tourist attraction in summer. Mount Bogong, Victoria's highest mountain, is nearby. The nearest town to Falls Creek is Mount Beauty.
Alpine resort
Falls Creek is beginner/intermediate friendly, with almost 80% of the resort dedicated to these types of skiers/snowboarders. However, Australia's notoriously fickle snow conditions ensure that snowmaking using the water from the nearby Rocky Valley Lake is sometimes, particularly early in the season, the main source of skiable snow. Consequently, like all Australian snowfields, Falls Creek's customer base is almost entirely domestic, however many international cross country skiers travel to Falls Creek for the Kangaroo Hoppet, Australia's Worldloppet event on the last Saturday of August and international snowboarders to and Australia's highest sanctioned event held in the first week of September. The resort features 4,500 accommodation beds, and consequently a large number of restaurants, bars, and nightclubs to amuse the guests at night. Some apartments are privately owned, but the resort's management requires that they must be available for hire when not occupied. The resort also serves as a summer base to explore the national park surrounding the resort. Falls Creek is accessible by the Bogong High Plains Road from Mount Beauty all year round, though like all of Australia's snow resorts snow chains must be carried during winter and fitted if directed. The road continues across the High Plains and descends to meet the Omeo Highway north of the hamlet of Anglers Rest, however the route from this side is closed during the snow season. In summer both routes are popular with cyclists, and various cycling events are held that involve climbing to the resort, including the popular SCODY 3 Peaks Challenge.
