Officers from Port Stephens-Hunter Police District were told two men were on rocks at Boulder Bay about 10am on Sunday, March 22, when they were swept into the ocean by a wave.

Two friends, who were nearby, threw life jackets to the men, but only one was able to grab it.

Surf lifesavers were alerted and attended the scene and found the body of a 32-year-old man. They rescued the second man, who had a life jacket; he was taken to John Hunter Hospital in a stable condition.

Officers are now waiting to speak with all surviving members of the group to establish the circumstances surrounding the man's death.

Police believe the deceased man was visiting the area from Merrylands.

A report will be prepared for the information of the Coroner.