Warners Bay is the second-largest population centre in Lake Macquarie with over 7,000 residents (2016), and more than 615 businesses operating in the area.

Near the lake foreshore there is a variety of local businesses such as cafés and restaurants with alfresco dining.

Here there is an ice rink, a ten pin bowling alley, a laser tag complex, indoor go-karting, multiple gymnasiums and many bulk item stores including furniture stores and gardening centres, many of which are located in the Warners Bay Home homemaker complex.

A shared bike and walking path, which runs from the Art Gallery in Booragul to Green Point traverses the lake foreshore.

The Hunter Ice Skating Stadium is located in Warners Bay, and hosted the IIHF 2008 Division II World Championships.