I have a set of airhorns fitted under the cowling pointing downwards and a button mounted just under the LH throttle. I must admit that I have never heard them on the ground when flying, as I am always the one flying, but as Mark Kyle mentions (#27), he heard them ok when I flew over his house at 1200'.
They are quite handy to scatter the roo's when taxying out at Ycab and generaly to get peoples attention on the ground sometimes.
I also fitted two cheap plastic shoo roo whistles, one to each wing strut. I was a bit sceptical about them, but my son fitted some to his motor home and prior to that he had a few near misses with roo's, but after, he never saw one again. They were only $5 from Supercheap and create minimal drag, not sure what speed range they work in though.