Waipunga Falls is a striking waterfall on the Waipunga River in New Zealand's North Island, situated along State Highway 2 (the Napier–Taupō Road) within the northwest Hawke's Bay region, roughly 55 km from Taupō.

The falls are among the most accessible in the region, viewable directly from a dedicated scenic lookout carpark just off the highway. Visitors who explore the viewing area fully will also spot the neighbouring Waiarua Falls nearby.

Because the carpark sits along a fast-moving stretch of highway, it is most safely approached when travelling from Taupō toward Napier, allowing vehicles to pull off to the left. Watch for the "Scenic Lookout" sign approximately 400 m before the carpark.