Today timber milling has been overtaken by agricultural industries with sheep, beef and dairy farming prevalent and market gardening and alumina refining also now important parts of Waroona's economy.

Within the town, the Vision Splendid Gardens in Parnell Street should not be missed. The gardens display thousands of trees, shrubs, roses and perennials plus more than fifty thousand annuals planted twice a year as well as fascinating architectural features.

Most of the attractions in the surrounding area are for lovers of the outdoors. Bushwalkers can follow well­developed trails in Yalgorup National Park, surrounding lakes Preston and Clifton. The lakes, which lie close to the coast, abound with a wide variety of both native and migratory birds. To the east of Waroona, the State Forests provide alternative walking and visitors can follow part of the Bibbulmun Track which stretches 650 kilometres from Perth to Walpole in the south.

Of interest is the old Nanga townsite along the Nanga Brook Road. The town and nearby mill were thriving 30 years ago, until devastated by bushfire, and the old railway, mill log landing area and blacksmith's shop are still visible. Camping is permitted at Nanga Brook.

Preston Beach, 34 kilometres west of Waroona, is a great spot for swimming and is renowned for its fishing competitions. Another popular spot for swimming, boating and waterskiing is Waroona Dam to the east of the town. Fishing for trout, redfin and marron is allowed at Drakesbrook Weir and swimming and non­power boating are also permitted.

• Name origin: Originally known as Drakesbrook after the brook which flowed through the town and which was itself named after W.H. Drake who was an early settler. This name was changed to Waroona in 1946, by Mr J. McDowell, of the Gill­McDowell Timber Co, who originated from Werroona in Victoria.