Hanging Rock is also the name of a large basalt outcrop located in the vicinity of Woodend in Victoria, Australia. It is approximately 75 kilometres north-west from Melbourne, the state capital of Victoria.

Hanging Rock is well known to Australians due to a famous Australian movie called Picnic at Hanging Rock. The movie was made in 1976 and is directed by Peter Weir, with the screenplay by Cliff Green from a novel by Joan Lindsay. The story is based on fact and concerns a picnic at the rock by a group of schoolgirls, during which some of the girls disappear in mysterious circumstances.

Hanging Rock is also reknown for being the hiding place of Mad Dog Morgan, one of the more violent and notorious bushrangers in Australian history. It has been a popular picnic spot and tourist attraction in Australia for over a century.