It depends on the sub-variant of the package you select. You can select between three height options,
Paragliding in Wanaka 9000feet(2743 meters)
Paragliding in Wanaka 12000feet(3657 meters)
Paragliding in Wanaka 15000feet(4572 meters). You are free to choose the best for you and jump from a height you will get thrilled with.