Fairy Bower Falls is a two-tiered waterfall located in Morton National Park, near the town of Bundanoon in the Southern Highlands of New South Wales.

The water tumbles onto a rock ledge and into a pool surrounded by mossy rocks and ferns, forming a serene, rainforest-framed glen. The falls are most impressive after heavy rain, though they remain scenic even at lower flows.

The walk begins at Gambells Rest Picnic Area or the Fairy Bower car park and is rated medium to steep, taking roughly one hour as a loop.

A ladder provides access to the base of the falls, and a track climbs the escarpment alongside cliff faces to reach the top, with lookouts along the way. Tooth's Lookout is a notable highlight on the route.