Monument Hill Reserve is a 76ha area of forested hills and gullies overlooking the eastern side of Kilmore. The upper slopes have dry forests with smaller trees and the lower slopes have patches of tall old growth grassy forest. The Reserve is rich with wildflowers in Spring, and fungi in Autumn. Monument Hill is accessible from Andersons Road and Monument Road in the south and Hunts Road in the north. Walking tracks follow ridges up to the historical Hume and Hovell Monument viewing tower.

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