The small central west town of Goolma was first established in the mid 1800s and the township which was built in the late 1800s with a public school, church and a number of stores has changed only marginally since it was originally built. Wool and cattle farms comprise the majority of the surrounding farmland complimented by a few grain crops.
With a close knit community the village still has an operational school, church and the local hotel operated by the Martin family. Local cricket and tennis clubs meet regularly in this active community.
Situated at the western end of the Mid Western Regional Council the village id close to Mudgee (30 minutes), Gulgong (20 minutes), Wellington (30 minutes) and Dubbo (45 minutes).