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Walwa (; Aboriginal for "a place of waters"), is a town in the Shire of Towong in north east Victoria, Australia. The town is located 1 kilometre from the Murray River on the former Murray Valley highway between Wodonga and Corryong. At the 2006 census, Walwa and the surrounding area had a population of 268.
Across the river on the New South Wales side are the nearby towns of Jingellic and Tumbarumba.