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),citation needed it is New Zealand's fourth largest lake,1 and estimated to be more than 300 m (980 ft) deep. Its name is M턁ori, a corruption of Oanaka ('The place of Anaka', a local tribal chief).2Wanaka is a town on the lake with which it shares its name.