Coastal erosion is still occurring, so more trees may fall down, and the exclusion zone has been expanded by 200 metres for safety reasons.
Camping grounds on either side of the site remain closed and the public has been urged to avoid the area, observe traffic barriers and warning signs.
All the school holiday campers escaped and no injuries were reported.
Geotechnical engineer Allison Golsby said the area has a history of sinkholes and should be closely monitored to warn of any further disasters.
She also said scientific reports indicate the entire peninsula could eventually fall away.
"People have said that at some stage they think Inskip Point may not be there," she told ABC radio.
"Now that could be thousands of years; it could be hundreds of years."
- AAP