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The decision has come on the back of recent government directives to cancel mass gatherings of more than 500.
Festival coordinator Carole Watts says the festival team is “absolutely devastated”, but the health of the community has to to come first.
“The support we have received from our participants, stall-holders, entertainers, etc, has been overwhelmingly positive, and for this we say a huge ‘thank you’,” she says.
“As we work through the logistics associated with the cancellation, we ask for patience while we process things like ticket refunds.
“We realise that it’s not just the festival bearing the impact of the Covid-19 pandemic, so we extend our thoughts and support to our local community who have always been so supportive of us.”
Watts says 2021 is another year and her team is already working to make it the best yet.
Meantime, on Thursday afternoon, the national RSA announced it had pulled all public Anzac Day services this year, and the annual Poppy Appeal day has also been postponed.