 Waterfall Gully is situated at an average elevation of 234 m ( <unk> ft ) above sea level , in an area of 6 @.@ 08 km2 ( 2 @.@ 35 sq mi ) . Its most notable geographical features are its gully and waterfall . <unk> Reserve , a large local park , is 300 m ( 980 ft ) from the start of Waterfall Gully Road while much of the north @-@ eastern side of the gully is part of Cleland Conservation Park . <unk> Waterfall Gully , 2 km ( 1 @.@ 2 mi ) away , is Chambers Gully , which used to function as a land @-@ fill , but has in the past decade been reclaimed as a park through volunteer work . It contains a number of old ruins , walking trails , and springs and is home to a significant number of native species . 
