| No. | Name | Type | Tourist | Condition | Livery |
| K 176 | 1922 - K Class (Steam) | Currently stored (potential restoration project) - wheels swapped with K 174 | Green | ||
| S 301 Tender | 1928 - S Class (Steam) | Tender body placed on tender frame VFGA 1 | VR - Royal blue and gold | ||
| B 74 | J A Hearsch | 1952 - B Class (Diesel-electric) | Operational. On hire to Qube | VR Blue and gold | |
| J 509 | 1954 - J Class (Steam) | Boiler | |||
| J 512 | 1954 - J Class (Steam) | Pending restoration (converted from broad to standard gauge) | |||
| J 515 | Harold P. Ward | 1954 - J Class (Steam) | 1983 | Under restoration | Black with red trim |
| T 320 | 1955 - T Class (Diesel-electric) | 30 April 1988 | Operational | VR Blue and gold | |
| T 342 | 1955 - T Class (Diesel-electric) | Under restoration | |||
| T 357 | 1955 - T Class (Diesel-electric) | Operational (SG) | VR Blue and gold | ||
| T 378 | 1955 - T Class (Diesel-electric) | Operational | VR - Royal blue and gold | ||
| T 382 | 1955 - T Class (Diesel-electric) | Operational | VR - Royal blue and gold | ||
| T 388 | 1955 - T Class (Diesel-electric) | Stored | PN - Green and gold | ||
| T 399 | 1955 - T Class (Diesel-electric) | Stored | PN - Green and gold | ||
| T 402? | 1955 - T Class (Diesel-electric) | ? | PN - Green and gold | ||
| S 303 | 1957 - S Class (Diesel-electric) | Operational. On hire to Qube | VR Blue and gold | ||
| S 307 | 1957 - S Class (Diesel-electric) | 17 March 2023 | Under restoration | PN - Blue and yellow | |
| S 310 | 1957 - S Class (Diesel-electric) | Stored. Pending restoration | V/Line - Tangerine and grey | ||
| Y 102 | 1963 - Y Class (Diesel-electric) | Stored | V/Line Mk I | ||
| Y 104 | 1963 - Y Class (Diesel-electric) | Stored | V/Line Mk I | ||
| Y 119 | 1963 - Y Class (Diesel-electric) | Operational | PN - Green and gold | ||
| Y 171 | 1963 - Y Class (Diesel-electric) | Stored | PN - Green and gold | ||
| Y 174 | 1963 - Y Class (Diesel-electric) | Stored | PN - Green and gold | ||
| X 31 | 1966 - X Class (Diesel-electric) | Operational. On hire to Qube | VR Blue and gold | ||
| X 37 | 1966 - X Class (Diesel-electric) | Stored. Pending restoration | PN - Green and gold | ||
| H 2 | 1968 - H Class (Diesel-electric) | Stored | PN - Green and gold | ||
| DRC 43 | 1971 - DRC (Railmotor) | Operational | V/Line Mk I | ||
| C 501 | George Brown | 1977 - C Class (Diesel-electric) | Operational (SG) | VR - Royal blue and gold | |
| A 60 | Sir Harold Clapp | 1983 - A Class (Diesel-electric) | 6 June 2020 | Stored. Pending restoration | V/Line Passenger Mk II |
| P 22 | 1984 - P Class (Diesel-electric) | Operational (SG) | VR - Royal blue and gold | ||
| P 23 | 1984 - P Class (Diesel-electric) | Operational | VR - Royal blue and gold | ||
| GM 28, GM 22 | Hubert Opperman | ??? | Renumbered GM 22 - 23 November 1999. Stored | CR | |
| GM 36 | C J Stomann | ??? | Operational? (SG) | CR | |
| Yarra | 1906 - Parlor Cars | Operational | Red with yellow trim | ||
| VR Sleeper 3 | Ovens | 1908 - VR Sleeper Cars | Stored | VR Blue and gold | |
| VR Sleeper 10 | Loddon | 1908 - VR Sleeper Cars | Stored | Red | |
| ABE 5 | 1910 - ABE 1st / 2nd Class | Operational | Red with yellow trim | ||
| ABE 16 | 1910 - ABE 1st / 2nd Class | Operational | Red with yellow trim | ||
| AE 1 | 1910 - AE 1st Class | Stored | VR Blue and gold | ||
| AE 2 | 1910 - AE 1st Class | Under restoration | Red with yellow trim | ||
| AE 18 | 1910 - AE 1st Class | Stored | Red | ||
| AE 30 | 1910 - AE 1st Class | Operational | Red with yellow trim | ||
| AE 39 | 1910 - AE 1st Class | Underframe | |||
| BE 1 | 1910 - BE 2nd Class | Operational | Red with yellow trim | ||
| BE 14 | 1910 - BE 2nd Class | Operational | Red with yellow trim | ||
| BE 15 | 1910 - BE 2nd Class | Stored | Red | ||
| BE 20 | 1910 - BE 2nd Class | Stored | Red | ||
| BE 26 | 1910 - BE 2nd Class | 30 April 1988 | Under restoration | Red with yellow trim | |
| BE 33 | 1910 - BE 2nd Class | Stored | Red | ||
| BE 47 | 1910 - BE 2nd Class | Stored | ? | ||
| BCE 2 | 1935 - BCE 2nd Class / Van | Stored | Red | ||
| BCE 3 | 1935 - BCE 2nd Class / Van | Operational | Red with yellow trim | ||
| BCE 4 | 1935 - BCE 2nd Class / Van | Stored | Red | ||
| AS 1 | 1937 - AS 1st Class | Converted back from BS 209. Under restoration | |||
| AS 2 | 1937 - AS 1st Class | To be converted back from BS 202. Stored | V/Line Orange | ||
| AS 3 | 1937 - AS 1st Class | 1995 | Operational | VR Blue and gold | |
| AS 4 | 1937 - AS 1st Class | 1995 | Operational (SG) | VR Blue and gold | |
| BS 1 (1st) | 1937 - BS 2nd Class | 1995 | Operational (SG) | VR Blue and gold | |
| BS 3 (1st) | 1937 - BS 2nd Class | Operational | VR Blue and gold | ||
| BS 11 | 1937 - BS 2nd Class | 1995 | Operational (SG) | VR Blue and gold | |
| BS 203 | 1937 - BS 2nd Class | Stored. To be converted back to AS 10? | V/Line Mk II | ||
| BS 216 | 1937 - BS 2nd Class | Stored | V/Line Passenger Mk II | ||
| BS 218 | 1937 - BS 2nd Class | Stored | V/Line Passenger Mk II | ||
| BS 219 | 1937 - BS 2nd Class | Stored | V/Line Passenger Mk II | ||
| CS 1 | 1937 - CS Van | Operational (SG) | VR Blue and gold | ||
| Dining Car, Murray (2nd) | 1937 - Dining Car | Operational | VR Blue and gold | ||
| Parlor Car, Norman (2nd) | 1937 - Parlor / Lounge / Club Car | Operational (SG) | VR Blue and gold | ||
| Campaspe | 1952 - Breakdown Train Car | 30 April 1988 | Stored | ? | |
| BG 1 | Kiewa (2nd) | 1961 - BG 2nd class | Stored | Red | |
| VRS 233 | Tanjil | 1962 - VRS Refreshment | Stored | VR Blue and gold | |
| VAM 1 | 1963 - VAM Sleeping Car | Operational | VR Blue and gold | ||
| ACN 3 | 1981 - ACN 1st Class / Van | 2 August 2022 | Stored (SG) | ? | |
| BN 19 | 1981 - BN Economy Class | 2 August 2022 | Stored (SG) | ? | |
| BRN 46 | 1982 - BRN Economy class / Buffet | 2 August 2022 | Stored (SG) | ? | |
| BRN 53 | 1982 - BRN Economy class / Buffet | 2022 | Stored (SG) | ? | |
| RS 235 | Avoca | 1984 - RS Buffet | Operational | Heritage brown with yellow trim | |
| Mitta Mitta (3rd) | 1994 - Commissioners Car | Operational as crew car | VR Blue and gold | ||
| BTN 264 | 1998 - BTN Economy Class (Terminal) | 2023 | Stored | VLP Mk III | |
| PZ 10 | 2018 - PZ Power Van | 2022 | Stored (SG) | ? | |
| State Car 4 | State Car | Operational | VR Burgundy with yellow trim | ||
| State Car 5 | State Car | Operational | VR Blue and gold | ||
| WAL 951 | WAGR Commissioner's carriage | Stored | WCR | ||
| CP 4 | 1956 - CP Passenger Guards Van | Stored | Red | ||
| CP 23 | 1956 - CP Passenger Guards Van | Stored | Red | ||
| ZF ? | Van | Stored | Red | ||
| QR 331 | 1889 - QR Open Wagon (Drop Sides) | Stored | Red | ||
| WT 236 | 1900 - WT Water Truck | Stored | Black | ||
| QN 72 | 1910 - QN Ballast/Rail Transport | Stored | Red | ||
| HZE 230 | 1923 - HZE Loco Engine Transport | Stored | Red | ||
| GY 130 | 1939 - GY Open Wagon | Stored | Red | ||
| GY 300 | 1939 - GY Open Wagon | Stored | Yellow | ||
| GY 2650 | 1939 - GY Open Wagon | Stored | Yellow | ||
| GY 6127 | 1939 - GY Open Wagon | Stored | Red | ||
| B 337 | 1957 - B Boxvan | Stored | Red | ||
| BP 92 | 1958 - BP Steel Mail / Baggage Van | Operational | V/Line - Blue | ||
| ELX 123 | 1963 - ELX Open Wagon | Stored | Red | ||
| BMX 78 | 1964 - BMX Boxvan | Stored | Red | ||
| RY 605 | 1964 - RY Open Wagon | Stored | ? | ||
| RY 615 | 1964 - RY Open Wagon | Stored | Red | ||
| RY 1504 | 1964 - RY Open Wagon | Stored | Red | ||
| VFGA 1 | 1979 - VFGA Heavy Transporter | Stored with S 301 tender body | Red | ||
| VHNA 72 | 1979 - VHNA Ballast Wagon | Stored | ? | ||
| VOWA 331 | 1979 - VOWA Bogie Open Wagon (Drop Sides) | Stored | Red | ||
| VTQY 158 | 1964 - VTQY White Spirits Tank Wagon | Operational | Black | ||
| G 1016 | 1980 - G Open Wagon | Stored | ? | ||
| G 5578 | 1980 - G Open Wagon | Stored | Red | ||
| HZE 230 | 1985 - HZE Loco Engine Transport | Stored | ? | ||
| VZFA 58 | 1985 - VZFA 'Bogie' Transport | Stored | ? | ||
| VZWA 7 | 1985 - VZWA Open Wagon (ex QR/VOWA) | Stored | ? | ||
| VZWA 15 | 1985 - VZWA Open Wagon (ex QR/VOWA) | Stored | ? | ||
| VZWA 17 | 1985 - VZWA Open Wagon (ex QR/VOWA) | Stored | ? |