The town has a large lake,
Lake Learmonth, which is popular for water sports, fishing and family activities. This lake has always been a natural water hole and swamp, but was enhanced by human intervention in the late 1800s, resulting in a fuller and more defined lake area. Picnic areas, children's playgrounds and nature walks exist on the eastern and northern side of the lake. Gently rolling ancient volcanic hills surround the town, and the soil is rich and red; good for growing plants and trees. The natural birdlife in the area is well appreciated by locals. Learmonth today has a post office, pub, cafe, antique store, two churches (the
Learmonth Uniting Church closed in 2025), shire hall, historic society, police station, art hall, community garden, lawn bowling club, aged care facility and a friendly and active community life. There is a free community newsletter named 'The Learmonth Thunderer', run by volunteers. There is also an
Australian Rules football team competing in the
Central Highlands Football League. A historic walking tour runs up and down the main street (High Street) highlighting many interesting former businesses of the early settler and colonial period. ==Population==