| Shepherds Flat | |
| Type: | town |
| State: | Vic |
| Lga: | Shire of Hepburn |
| Coordinates: | -37.2714°N 144.1086°W |
| Use Lga Map: | yes |
| Postcode: | 3461 |
| Pushpin Label Position: | left |
| Pop: | 66 |
| Stategov: | Macedon |
| Fedgov: | Ballarat |
| Dist1: | 122 |
| Dir1: | NW |
| Location1: | Melbourne |
| Dist2: | 11 |
| Dir2: | N |
| Location2: | Daylesford |
Shepherds Flat is a locality in central Victoria, Australia. The locality is in the Shire of Hepburn, 122km (76miles) north west of the state capital, Melbourne.
There is no town. The main thoroughfare is the Hepburn-Newstead Road which, despite its name, runs between Hepburn, Victoria and Franklinford, Victoria.
At the, Shepherds Flat had a population of 66.