David and Kate's place is fantastic.
Very well situated, my partner and I did a big loop around the Gorge on our first morning. We walked into the city and back a couple of times (the hill is not so bad, but would reccomend an intermediate level of fitness), but you do need a car if you want to discover everything Launceston has to offer.
The little things at David and Kate's really make the stay. Appreciated the coffee pods, the cold beers, and the Chromecast. David and Kate are also very friendly and will help you out or just chat whenever you need it.