Mr Hendy, a Culburra Beach local, had been missing since November 21.

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Police, family and the local community had undertaken a number of  searches in the area since the 57-year-old went missing.

A family of bushwalkers found the body, believed to be Mr Hendy, at Longbow Point, on the northern side of Lake Wollumboola.

Police are waiting for formal identification.

Police said inquiries into the incident are continuing, but they were not conducting any further searches for the missing man.

Mr Hendy’s family has been informed and a report is being prepared for the coroner.

An administrator of the ‘Search for Mark Hendy’ Facebook page updated 1800 followers on the tragic news at about 12pm on Wednesday.

"It is with tremendous sadness that I can share with you that I have been informed by police that Mark has been found, and is deceased,” the post said.

“He was a gentle, kind person who I enjoyed so many wonderful experiences with, and who I will miss enormously. His family are understandably devastated by the news and will appreciate being given the time and privacy to grieve the loss of a husband, father, stepfather, son, brother and uncle. I would like to express my enormous gratitude to the incredible response by all of you to our search for Mark. I am so privileged to be a part of such an incredible community!"

If you’d like to talk to anyone about the issues raised in this article call Lifeline on 13 11 14; Suicide Call Back Service 1300 659 467 or MensLine 1300 789 978.