Coldstream is a mainly rural area, but with a growing residential component, 37 km east of Melbourne, extending northwards from Lilydale to the Yarra River.

Coldstream adjoins Yering and Yeringberg, where the Ryrie brothers, overlanders from New South Wales, found grazing on the open river flats in 1838. William Ryrie planted the first vineyard in the Lilydale district on his Yering cattle station in the year of his arrival. Other vineyards followed in the 1850s and 1860s, several planted or tended by skilled workers from Switzerland.

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