The Great Australian Bight (GAB), a coastal sea bordered by the Pacific, Southern, and Indian Oceans, sustains one of the largest fisheries in Australia but the geographical origin of nutrients that maintain its productivity is not fully known. We use 12 years of modeled data from a coupled hydrodynamic and biogeochemical model and an Eulerian‐Lagrangian approach to quantify nitrate supply to the GAB and the region between the GAB and the Subantarctic Australian Front (GAB‐SAFn), identify phytoplankton growth within the GAB, and ascertain the source of nitrate that fuels it. We find that nitrate concentrations have a decorrelation timescale of ∼60 days; since most of the water from surrounding oceans takes longer than 60 days to reach the GAB, 23% and 75% of nitrate used by phytoplankton to grow are sourced within the GAB and from the GAB‐SAFn, respectively. Thus, most of the nitrate is recycled locally. Although nitrate concentrations and fluxes into the GAB are greater below 100 m than above, 79% of the nitrate fueling phytoplankton growth is sourced from above 100 m. Our findings suggest that topographical uplift and stratification erosion are key mechanisms delivering nutrients from below the nutricline into the euphotic zone and triggering large phytoplankton growth. We find annual and semiannual periodicities in phytoplankton growth, peaking in the austral spring and autumn when the mixed layer deepens leading to a subsurface maximum of phytoplankton growth. This study highlights the importance of examining phytoplankton growth at depth and the utility of Lagrangian approaches.