To the west of Yambuk is the locality of Codrington which is notable for the wind farm and for being the only township in Australia to be named after a bushranger. In 1850 renowned Victorian Bushranger Henry Garratt used the alias Codrington Revingstone when he held up the Portland to Port Fairy mail coach three times and the area became known as "Codrington's Forest".
In the 1870s a township was surveyed on the projected road to Portland close to the coast and named, unwittingly, as Codrington. A road was later built inland and the township never established.
Yambuk is locally known for the Yambuk Slide, a large slide near the lake. Lake Yambuk and the Yambuk Important Bird Area lie between the town and the coast.