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Hostels are a great way to stay for a good value, so you can save your budget for sightseeing. If you're hoping to check out some attractions while you're here, you might like the waterfront.

These dormitory-style accommodations come in many shapes and sizes, but all of them have three main qualities in common, including budget-friendly prices, a social atmosphere and shared rooms (though many hostels offer private room options too).

While you're choosing a place to stay, take a look at this top hostel in Port Fairy: The Star of the West - Hostel - Property features include free Wi-Fi, a restaurant and a bar. Rooms come with towels, showers and bed sheets.

Good weather's definitely a plus when you're experiencing new places, so here's a little information that may be helpful: The hottest months are usually January and February, with an average temperature of 17°C, while the coldest months are August and July, with an average of 10°C. Average annual precipitation for Port Fairy is 740 mm.

Depending on how you want to spend your time, you might like to discover the area around Port Fairy. Get out into nature with places such as East Beach, Griffith Island and Port Fairy Coastal Reserve. Cultural attractions include Flagstaff Hill Maritime Village, Mailors Flat Antiques and Warrnambool Art Gallery. Visit landmarks such as Port Fairy History Centre.