She spent a month on escort and minesweeping duties, before sailing to Darwin and escorting a floating dry dock to Milne Bay. The corvette remained in New Guinea waters until the end of the war on 15 August. On 30 August, "Goulburn" and two sister ships escorted a convoy to Hong Kong, arriving on 21 September. The corvette was involved in minesweeping operations throughout Chinese waters, before returning to Sydney in December 1945. The ship received two battle honours for her wartime service: "Pacific 1942–44" and "New Guinea 1942–44". "Goulburn" was paid off on 27 September 1946. She was sold to Pacific Enterprise Incorporated on 13 October 1947, and after several re-sales, ended up in the possession of the Ta Hing Company of Hong Kong in December 1950. However, a Commonwealth Statutory Order prevented the ship from leaving Australian waters, and she was sold again to John Manners & Co of Sydney in 1953. The corvette was broken up for scrapping at Iron Cove in 1953.