The town of Foster is located within an easy drive of Wilsons Promontory National Park. Access to the park is via Yanakie to the south. Foster is a handy base for exploring the natural beauty of the unspoilt coast in the area including the beach front communities of Waratah Bay and Sandy Point.
Foster is surrounded by dairy and grazing farms located in the undulating land surrounding the town. The town centre itself has a good range of shops along Main Street which also support the smaller outlying communities in the area. The Exchange Hotel with its unique conical tower was built in 1907.
Foster was the site of a small gold rush in the 1870s and there are memorials to commemorate the town's gold mining history located in Pearl Park which is a lush reserve that surrounds the Stockyard Creek and features BBQ facilities and a footbridge. Across the road from Pearl Park is a historical museum (the town's former post office from 1890 to 1975) which features displays of the region's gold, timber and dairying history. Next door is the Stockyard Gallery which includes a visitor information centre, craft shop and exhibitions of art work.
The Foster North Lookout, on the South Gippsland Highway 6 kilometres north-west of town, provides good views over Corner Inlet with the mountain ranges of Wilsons Promontory providing an attractive backdrop. The Great Southern Rail Trail is accessible at Foster and it consists of a walking, cycling and horse riding trail which passes through a several towns between Korumburra and Port Welshpool.