Ballast Point Park is a 2.6-hectare site dedicated to passive recreation. It contains areas for picnicking and walking along the foreshore as well as spaces to enjoy the spectacular views and historic remains from when the area was originally one of Sydney's major oil distribution sites.

Aboriginal history has been recognised in a dual name for the park. ‘Walama’ means 'to return' and highlights the area's transformation from industrial use back to nature.