The 'Lake Mungo Ghost Story' is a spooky tale. It often involves strange happenings around Lake Mungo. There are reports of ghostly apparitions and unexplained events in that area, which make up the core of this ghost story.
It's hard to say for sure. Some people believe parts of it might be based on real experiences or events that occurred around Lake Mungo. However, there's also a lot of exaggeration and superstition that could be involved.
Lake Mungo is purely fictional. It doesn't draw from real events. The story is designed to engage viewers with its suspense and horror elements rather than being rooted in truth.
In a way, it is. The movie takes some cues from real-life occurrences and builds a fictional story around them. However, it also adds fictional elements for dramatic effect.