Jesse A.
Yelp
I've been going to Dawny since I was a tot, and thankfully it hasn't changed much! It's a fabulous spot for people watching: a lot of old Balmain characters still hang out there, leathery skin and Speedos .... you can also watch local teams play water-polo.
When I lived in Balmain, Dawn Fraser Pool was the next best thing to a beach, and a whole lot closer. There isn't any sand (unless the tide is super low, I guess), but what you get is wooden boards to lie upon, which is actually really, really nice. You can stare down through the cracks at the water below. There's a mix of sun and shade, and a little canteen where you can buy hot chips and ice cream.
You will probably see clear jellyfish, sea-weed, and little schools of fish in the water - it's a harbour pool so it comes with the territory. Sea lice can be a problem, though that's never happened to me. Dawny is generally nicer at high tide than during low tide, although at low tide you get to see the holes in the wooden slats: some big enough to let sharks in! Don't worry, there are no sharks, and they fixed the hole. I think. This pool is great for kids, and there are life savers hanging around watching everyone.
As with Sydney beaches, it's best not to swim here after a heavy rain, as the run-off can contaminate the water.