Barakula is a locality in the Western Downs Region of Queensland, located north of Chinchilla.
The name "Barakula" is thought to mean "big timber".
In need of sleepers for the construction of the Great Western Railway, Queensland Railways built a tramway in 1911 to transport timber from a sleeper sawmill in the Barakula State Forest to the junction point at Chinchilla.
The route of the Barakula tramway was based on an earlier plan to construct a railway line from Chinchilla to Taroom that was subsequently abandoned in favour of a railway line from Miles to Taroom.
The Waaje Fire Tower #4 is located in the Barakula State Forest, and was listed on the Queensland Heritage Register on 25 January 2018.
In the 2021 census, Barakula had "no people or a very low population".