In the 1980s, 450ha (over 1100acres) of Mount Korong was zoned as a Nature Conservation Reserve. This Reserve is prized for camping, birdwatching and rock climbing. In 2008, 970 ha of old farmland around Mount Korong (more than 2,400 acres) was bought privately and sub-divided into a number of environmental properties. These were covenanted with Trust for Nature and then sold to private owners. What resulted was one of the densest clusters of covenanted properties in Victoria.
A Trust for Nature covenant falls under the Victorian Conservation Trust Act 1972. It is registered on the title of the property and the owners commit to permanently preserving the natural, cultural or scientific values of the land. A Conservation Bulletin is sent out to Covenanters monthly to maintain contact between people with these interests.
Burrabungle is one of the covenanted properties on Mount Korong. There is an active community group that supports the owners of te covenanted properties on Mt Korong – the Mount Korong Eco Watch.