Warrenbayne is a rural locality 18 km south-west of Benalla. Its name is believed to have been formed from Messrs Warren and Bayne, pastoral settlers who occupied a station between Violet Town and Lima, coinciding with the location of the present locality.

Warrenbayne has extensive forested hills to its east and south, which include the Warrenbayne Pine Plantation. The Warrenbayne Creek, between the village and the hills, has fertile flat country which has been used for dairying, potatoes and fruit growing.

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