Waterfall Way is a 170-kilometre (110 mi)[3] country road in the Northern Tablelands region of New South Wales, Australia, linking Raleigh on the state's North Coast to Armidale.

In addition to being a tourist route, the Waterfall Way is also an important link between coastal and inland New South Wales (specifically the population centres of Armidale and Coffs Harbour), and is therefore heavily trafficked.

At the top of the escarpment (elevation 750 m (2,460 ft)) a short detour south leads to Griffith's Lookout with views over the Bellinger River National Park and valley.

[7] After leaving Ebor the road passes an intersection, from where the Dutton Trout Hatchery, and Point Lookout are accessed about 10 km (6.2 mi) east of Waterfall Way in the New England National Park.

[8] From here the road passes 5 km (3.1 mi) north of the historical mining village of Hillgrove and the viewing platforms at Bakers Creek Falls and the Metz Gorge.

119 was declared from the intersection with North Coast Highway, today Giinagay Way, at Raleigh via Bellingen to Dorrigo (and continuing northwards to Tyringham),[1] Main Road No.

121 was declared from Jock's Water via Wollomombi to Armidale (and continuing northwards via Tyringham and Nymboida to the intersection with North Coast Highway, today Big River Way, at South Grafton)[1] on the same day, 8 August 1928.