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Yanakie is the last town before the entrance gates to the Wilsons Promontory National Park - positioned on the narrow strip of land which joins the Wilsons Promontory National Park with the south coast of Victoria, located south of the major centre of Foster and on the opposite side of Shallow Inlet to Sandy Point. The commercial centre of Yanakie is small, consisting of a general store, petrol station and public hall on the road to Wilsons Promontory near Millar Road. Most of the residents in the area of Yanakie are either involved in the tourism industry or in dairying, with large farms of cattle located in green fields surrounding the town. The main activity in the surrounding area is intensive dairy farming, mainly because of its good and reliable rainfall.