Residents are in for an explosive start to the New Year with a cannon salute set for Flagstaff Hill followed by a fireworks display at the breakwater.
The evening of December 31 will begin with live music by local artist Mick Ferguson at Flagstaff Hill before residents may choose to head towards the top of the hill to see the historic cannons fire.
Stay there for the city's best views of fireworks at the breakwater from 9.30pm.
Warrnambool mayor Richard Ziegeler said it was great to see the event return after it was called off last year.
"New Year's Eve on the Hill is one of the biggest events of the summer so it is fabulous to see it return after a one year absence," he said.
"It's a fun, safe, family-friendly event so look no further than Flagstaff Hill as the ideal place to spend New Year's Eve.
"You can set up a picnic rug on the green, listen to live music and enjoy one of the best views in the city of the 9.30pm fireworks.
"This is a very popular event, so please book your tickets and pick up your wristbands in advance to skip the queue on the day."
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A family ticket for 'New Year's Eve on the Hill' will cost $49.50, but Flagstaff Hill family memberships will cost $95.
The extra $45.50 will provide unlimited daytime entry to the village and museum throughout the year and entry to all major events like New Year's Eve on the Hill, Easter on the Hill and the Chill on the Hill summer series.
"If it's been a while since you've visited, New Year's Eve is the ideal time," Cr Ziegeler said.
The fireworks at Lady Bay will return after being cancelled in 2020 when the city redirected the $20,000 set aside for the display to the COVID-19 recovery program instead.
There will be two displays on the night, including a child-friendly fireworks show starting at twilight followed by a second round of fireworks at midnight.
The fireworks will be made of biodegradable materials and were allocated funding in the city's annual events budget.
Port Fairy's New Year's Eve fireworks will also go ahead this year after Moyne Shire Council stepped in with $15,000 to save them.
Moyneyana organisers found themselves short of cash after the cancellation of the 2021 Port Fairy Folk Festival cut off one of its key revenue streams.
Aside from the main event at midnight, the money will also fund a "family-friendly display" earlier in the evening.
The festival will also be running the traditional parade, food stalls and live music.
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