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The South Island town of Wanaka appeals to both adventure lovers and relaxation-minded travelers. Situated on the crystal-clear waters of New Zealand's fourth-largest lake, just a short drive from Mount Aspiring National Park, Wanaka is an ideal spot to go fishing, hiking, skiing, wine-tasting or golfing. The city also hosts Warbirds Over Wanaka, the largest three-day air show in the Southern Hemisphere.