It is located 13 kilometres west of the Sydney central business district, on the eastern edge of the local government area of City of Parramatta.

Homebush Bay is itself named after the nearby estate of "Home Bush", established in the 1800s by the colonies assistant surgeon D'Arcy Wentworth.

[13] According to local government historian Michael Jones, "Wentworth is popularly credited with having called the area after his 'home in the bush', although Homebush is also a place in Kent.

[15] Part of the present location of Wentworth Point was Mud Island, which became connected with the mainland due to land reclamation.

[10] In the 1860s and 1870s, the arrival of the railway led to residential development to the south of Parramatta Road, in the present-day suburbs of Homebush and Strathfield.

However, this and subsequent subdivision proposals were not successful, and other than the lots adjacent to Parramatta Road, most of the land remained unsold and was sparsely populated.

[3] Present-day Wentworth Point was part of the Borough of Rookwood proclaimed on 8 December 1891,[17] which was renamed the "Municipality of Lidcombe" in 1913.

[10] Much of the modern suburb is reclaimed land, created by draining and filling in the northwestern shore of Homebush Bay which began in 1949.

Notable businesses include Ralph Symonds, a plywood manufacturer, which used the river as a transport route for large logs, which were then moored in Homebush Bay while awaiting processing.

Other activities have included McPhee Transport depot, the former Head Office and warehouse space for Hyundai Australia and a transmission tower for Sydney radio station 2GB.

de Havilland Marine (Large Craft) was located on the waters edge at Homebush Bay.

North Lidcombe was renamed "Homebush Bay" in 1989 and nearby parts of the peninsula began to be redeveloped in the 1990s.

[22][23] Media reports prior to the final merger decision suggested that some residents wanted Wentworth Point to instead be allocated to the City of Canada Bay.

[26] On 17 July 2023, the suburb boundary was amended to include the "Jewel Residences" and the adjacent Sydney Olympic Park ferry wharf on the northern side of Burroway Road, as well as the "Sanctuary" development area on the western side of Hill Road.

Marina Square is a shopping centre that opened on 21 November 2018 and was built by Australian developer Billbergia.

[31][32] Sydney Olympic Park ferry wharf is at the northern end of Wentworth Point.

Moreover, the northern and southern sections of Wentworth Point are not accessible to each other, except by going via Hill Road in neighbouring Sydney Olympic Park.