Lake Wanaka is located in the Otago region of New Zealand, at an altitude of 300 metres. Covering an area of 192 km2 (74 sq mi), it is New Zealand's fourth largest lake, estimated to be more than 300 m (980 ft) deep. Its name is Māori, a corruption of Oanaka ('The place of Anaka', a local tribal chief).
Lake Wanaka lies at the heart of the Otago Lakes in the lower South Island of New Zealand. The township is situated in a glacier carved basin on the shores of the lake and is the gateway to Mt Aspiring National Park.
To the south is the historic Cardrona Valley, a popular scenic alpine route to neighbouring Queenstown.