Wakefield is a suburb which lies within the Territorial Authority of Tasman, one of 32 residential suburbs which form the wider region. Wakefield is the 4th largest suburb of Tasman in terms of the total number of residential housing stock. Wakefield provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Wakefield is made up of approximately 57% residential housing , 1% residential investment housing and 42% lifestyle properties.