The lake is beautiful and you can spend a long time walking, sitting by the lake and nice to wind off. You can drive around the lake too, the snow capped mountains are a lovely back drop to the lake, there are water based activities too. We just spent half a day in Wanaka but 3 hoursaround the lake, in retrospect, wound have been better to spend one more day in Wanaka than in Q town, less touristy touch to it.
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