The man, aged in his 20s, suffered a leg injury but paramedics said it could have been much worse.
The cyclist was riding along a track in Kew, in inner Melbourne, when he lost control of his bike and landed injured and unable to move metres from the Yarra River.
“Unfortunately he overbalanced and he’s gone off the track,” Graeme O’Sullivan from the Metropolitan Fire Brigade said.
The MFB’s high angle rescue team was called in to pull the man back up the slope.
The entire operation took about an hour before the cyclist was put in an ambulance and taken to the Royal Melbourne Hospital.
“We worked really closely with the MFB, they did a really great job, it was a really difficult extrication,” Ambulance Victoria’s Michael Kinsella said.
The track is off limits to cyclists but park rangers say they’ve had trouble with people riding on it in recent times. Others are being urged not to make the same mistake.
“Unfortunately some cyclists still use the tracks and we see the result today that someone has fallen off the track and has an injury,” Mr O’Sullivan said.