The park is named after the floral emblem of New South Wales, also known as the Waratah.

[1] The park was established in 1922 and is very long and thin, with many large native and introduced trees.

A stormwater drain runs along the middle of the park, which is crossed by several bridges.

The park has barbecue areas and playground equipment, and is a popular destination.

The park is between the suburbs of Barton and Kingston close to Lake Burley Griffin.