We moved from Ringwood to Euroa last September. We have no family here, we just liked the town and had an opportunity too good to waste. My parents are 1.5 hrs away which is not too far. I have found settling in easy enough. I think having kids is a big bonus, people down the street stop and chat about how gorgeous my kids are!! haha. Get involved with a playgroup, you are bound to meet others newbies (that's what I have found anyway, the locals don't tend to do playgroup cos they have their already known friends). I feel nicely settled in and have more friends here than I did in Melb.
The kids love it here. It's friendly. I can't see myself going back to the 'city' :)
Good luck whatever you decide :)

