MORE than 5000 people partied and punted at Hanging Rock's New Year's Day races, confirming it as one of Victoria's iconic meets.

After a horror year, where the Kyneton and Hanging Rock Racing Club had to cancel last year's New Year's Day meet after race one due to a drain collapse and move it's Australia Day races, the families and punters returned yesterday.

Kyneton and Hanging Rock Racing Club chief executive Mark Graham said the crowd was about 700 people up on last year, but he noted last year was a 38C day.

“We were very pleased and astounded by the response," Mr Graham said.

"It's a family day. The crowd was exceptionally well behaved and from walking around everyone was in good spirits and enjoying the day.

"There were no evictions or arrests."

While the numbers are still being crunched, Mr Graham believes the meet will turn a $50,000 profit for the club.

Today the clean begins with equipment being moved to Kyneton for tomorrow's race meet which has been relocated from Geelong.

The club's next event is its Kids Day Out at Kyneton on January 13 which includes an animal farm, crafts and foot races.

Thousands of racegoers are expected to return to Hanging Rock racecourse for the club's Australia Day race meet later this month.

For more information hangingrock.countryracing.com.au.