The original location for the settlement known as Five Mile Creek was approximately north of the present township. The restored Royal Mail Hotel still stands on this site although it is now a private residence. The Post Office opened on 16 January 1858, in the Royal Mail Hotel, but was named Lancefield until 19 January 1860 and Five Mile Creek until March 1860. The Post Office was moved closer to the centre of the present township in 1864. The area was serviced by three local newspapers. The former Romsey station was a significant stopping point on the now dismantled Clarkefield-Lancefield railway between 1881 and 1956. The Romsey Court of Petty Sessions closed on 1 January 1967, with the former courthouse subsequently sold to the Country Fire Authority.
Today
Romsey has a skate park, one petrol station , banks, one IGA supermarket, a fresh produce store, a chemist, several medical centres, a dentist, a pub and a primary school. The localLions Park is built around Five Mile Creek, a small creek running through the town. After extensive renovations were carried out in the historic Shire of Romsey Council Chambers building and the old Romsey Post Office building, a public library operates in the former Council Chambers building, which opened in 2008, whilst the old post office building operates as part of the Romsey Service Centre for the local government. Romsey is a growing community which has multiple major projects going on. The major one is an all abilities park space that is being developed. Three Christian churches serve Romsey: the Anglican Parish of Lancefield and Romsey; St Mary's Catholic Parish of Romsey and Lancefield; Living Word Church; and the Romsey Uniting Church. The four churches gather together in an annual ecumenical service in winter, and take turns hosting a community carol service at Christmas. During the Christmas season all of the trees down the main street are also decorated like Christmas trees. Local sporting groups include Romsey Football Club competing in the Riddell District Football League. Golfers play at the course of the off Park Lane.