Yarragon railway station is located on the Gippsland line in Victoria, Australia. It serves the town of Yarragon, and it opened on 1 August 1878 as Waterloo. It was renamed Yarragon on 17 December 1883.

The Gippsland line is a railway line serving the Latrobe Valley and Gippsland regions of Victoria, Australia. It runs east from the state capital Melbourne through the cities of Moe, Morwell, Traralgon, Sale and terminating at Bairnsdale.