Macedon Ranges' heritage controls are in question after one of Riddells Creek's oldest bluestone buildings was reduced to rubble last week.
The circa 1869 homestead on the corner of Fitzgerald and Hamilton streets was auctioned in June and sold for $580,000, but its demolition is believed to have made way for more modern development.
The case has raised alarm about the number of buildings in danger of the same fate without appropriate heritage protection in place.
Calling on council to create better controls, Riddells Creek local Arthur Boyd warned "there's not much heritage left now".
"Riddells Creek has had a disaster. Our heritage is being removed for a very small gain…wiping out the past in half an hour," he said.
"Any building that's 100 years plus should have an interim order placed on it for the first line of defence - no ifs or buts. It's our past; yet we do nothing to protect it - just knock it down."
Macedon Ranges Shire Council has moved to push heritage studies ahead for towns but unfortunately it has come too late for the Riddells Creek homestead which had no form of heritage protection.
Local historical societies and groups have been working with Macedon Ranges Shire Council to develop the Gisborne/New Gisborne and Kyneton Heritage Study, the beginning of important heritage protection works across the shire.
Mayor Jennifer Anderson said the works would help to identify the buildings that required greater protection and further funds had been set aside in the next budget for other towns.
"We are looking at how we can ensure this doesn't continue to happen. There is no immediate solution. The current works will take some time," Cr Anderson said.
"We need to make sure we have got the right overlays and triggers in place. We are now working to see if there is something we can do in the interim."