The 56-year-old was shot dead by police on a remote property in Thologolong, near Walwa on the Victorian-NSW border, on Monday following a seven-month manhunt.
Police cars and a large white van continued to filter through the property, with a single patrol car remaining at the gate where two officers stood guard one day after Freeman was killed in a hail of bullets after refusing to surrender.
In the small town of Walwa, locals gathered at the general store on Tuesday to share their theories about what had happened, who may have been involved, and the fate of the reward money.
Most residents remained tight-lipped, although a few names kept coming up in conversation.
Bruce McNamara, who has called the Upper Murray region home for 72 years, said his gut feeling told him it could have been someone down by the river.
"It's the talk of the town," he told AAP.
Mr McNamara can't help but feel nervous about the situation, adding the sovereign citizen movement is becoming more normalised compared to years ago.
"I am sure he has been harboured and helped and it's very concerning," he said.
Irvine Gregg, who runs the Hillview Oak B&B about 50km from the property, said there were many ways to get from Porepunkah to Tholongong, adding he thought Freeman most likely didn't travel on foot.
"There's a few options if you knew the area well, you would know how to get places unobserved," he said.
For Walwa General Store's Samir Ramzan, the past day had brought a level of patronage not seen at this time of year.
"We had a fire some time ago, and now this. We are back on the map," he said.
Earlier that morning, an alpine chill lingered and a thick blanket of fog settled across the mountainous landscape where Freeman had been hiding inside a shipping container.
Police didn't provide an update on the investigation on Tuesday.
But former hostage negotiator Vincent Hurley said Freeman, a self-proclaimed sovereign citizen, was never going to surrender as he was wedded to his political ideology.
Freeman was wanted over the fatal shootings of Neal Thompson and Vadim de Waart-Hottart, who were among a team of officers serving a warrant at his home in Porepunkah in late August - about 150km from where he was eventually shot dead.
Victoria Police Chief Commissioner Mike Bush said on Monday officers moved into position more than 24 hours earlier, but wouldn't confirm if they were tipped-off.
Footage showed Freeman wrapped in a blanket when he emerged from the shipping container, which appeared to be a makeshift campsite, before pulling a gun from underneath and pointing it at police.
The firearm was taken from one of the murdered officers, but it is not known whether Freeman fired the gun before multiple officers discharged their weapons.
Dr Hurley said police would have likely had Freeman under surveillance to confirm whether he was armed, his physical condition in case they got in a physical fight, and if there was anyone else present before initiating negotiations.
Aerial images of the fugitive's rural hideout showed a heavily armed police "BearCat" with a large pole appearing to breach the container.
Police are investigating how the fugitive evaded capture for 216 days and are exploring the possibility he received help.
Mr Bush said Freeman had grown a beard and long hair since fleeing into dense bushland after the Porepunkah killings.
State Coroner Liberty Sanger visited the scene on Monday to formally confirm the man's identity, a process that could take up to 48 hours.
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