Waverley is a rural/residential locality in the local government area (LGA) of Launceston in the Launceston LGA region of Tasmania.

The locality is about 5 kilometres (3.1 mi) east of the town of Launceston.

The 2016 census recorded a population of 1501 for the state suburb of Waverley.

It is the first suburb to pass through when visiting Launceston from the east coast via the Tasman Highway.

[5] Route A3 (Tasman Highway) runs through from south to west.