The Penny Royal Waterfall really felt more like a mall and amusement park backdrop than a legitimate waterfall attraction. That said, the way the artificial falls was situated, it attractively dropped from a cliff past a swinging walkway and into a pool fringed by rides, restaurants, and some interesting replicas of old school boats. Situated on the cliffs adjacent to the mouth of the Cataract Gorge, we even noticed the falls dropping well in the distance from some spots within the city of Launceston (when it was flowing). Penny Royal was actually a multi-use area that was part apartments / hotel, part dining mall / food court, and part adventure park with rides, climbing walls, fossicking, cliff adventures, etc. The waterfall only ran during business hours as we had seen the water shut off after hours. Just seeing this place as alive as it was during our November-December 2017 stays in Launceston felt new to us, and it turned out that was because this place had been shut during our first visit to Launceston back in November 2006.
As for visiting the Penny Royal Waterfall, it was pretty easy. All we had to do was park either on the street or in one of the pay-and-display spots in the Penny Royal car park, then we just walked right through the entrance door and checked out the falls. It was free to walk about the property and experience the waterfall. However, to do any of the adventures or excursions, we had to pay for passes either online or from the ticket booth near the entrance. It only took me less than a half-hour to experience the falls and the complex without partaking in any of the adventures.
Penny Royal sat adjacent to the mouth of the Cataract Gorge just before the King's Bridge on Bridge Rd west of the Launceston CBD (said to be a 10-minute walk from there).
From within the Launceston CBD, the key was to head west on Paterson St. It became Bridge Rd towards the west end of Kings Park. The turnoff for the car park for Penny Royal was on the left just past the underpass of the A7 highway (West Tamar Rd).
For some context, Launceston was about 103km (over an hour drive) east of Devonport, 167km (over 2 hours drive) west of St Helens, and 201km (nearly 2.5 hours drive) north of Hobart.
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