In more recent times, the Morisset Peninsula to the east of the town has become the main residential area. It has experienced a high rate of growth since the construction of Eraring Power Station in 1986. Most of Bonnells Bay is now what long-time residents quaintly refer to as "high-density housing", although by city standards it is decidedly low-density. Several retirement villages have been built, most of them only in the last decade. Subdivision of larger blocks has come close to saturation in many suburbs, with only a few hobby-farms still remaining, although the majority of the Morisset district and peninsula remain bushland and National Park and Aboriginal reserves.