Lees, David McLaren, and Samuel Stephens, the latter two being the current and former Colonial Managers of the South Australian Company, who were examining the West Coast for potential special surveys, but they also did not name it.

The Venus continued to trade along the coast, carrying wool, wheat, and passengers, until she was sold in 1852 to NSW, where she was wrecked at Cronulla on 22 July.

In 1855 there were eleven Aboriginal mounted constables of the Native Police Force stationed at Venus Bay under Sergeant Eyre.

The bay, with its wetlands and beaches, has been identified as an 83 km2 Important Bird Area (IBA) by BirdLife International because it regularly supports over 1% of the world populations of pied and sooty oystercatchers as well as small numbers of fairy terns.

The bay is known to hold whiting, salmon, garfish, snook, tommy ruff, flathead and gummy shark, with most of these caught off the town's jetty also.