Metcalfe is a locality in central Victoria, Australia. At the 2016 census, Metcalfe had a population of 185. The name 'Metcalfe' probably deriv…Metcalfe is a locality in central Victoria, Australia. At the 2016 census, Metcalfe had a population of 185. The name 'Metcalfe' probably derives from Baron Metcalfe, Governor-General of India and later of Canada, who died in 1846. Metcalfe lies on the Coliban River, downstream from the Malmsbury reservoir.