A much-loved music festival based on Auckland's waterfront is set to reveal its new home this week.

The St Jerome's Laneway festival has been based at Silo Park for the past five years, attracting 12,000 punters for a day of music and sun on Auckland Anniversary Day.

But the festival has been forced to move after outgrowing its Silo Park site.

Music fans enjoy the Laneway Music Festival in 2016. Photo/Doug Sherring
Music fans enjoy the Laneway Music Festival in 2016. Photo/Doug Sherring

Promoter Mark Kneebone confirmed to the

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that a new site had been chosen and would be revealed later this week.

Kneebone said expectations from festival-goers were increasing, and Laneway would meet them.

"The key thing for us (is) that you're asking someone to give us 10 hours of their day. That's a huge investment. You've gotta make it as comfortable as possible, and get the best bands available.

"If you get that balance right, people will come back," says Kneebone.

New sites rumoured for the festival include Auckland Domain, Western Springs and Victoria Park.

Read more: Five options to keep Laneway in Auckland

It will be the festival's fourth site after kicking off at Britomart in 2010, and moving to Aotea Square in 2011.

This year's festival included performances by Vince Staples, The Internet, Hermitude, Flume, Hudson Mohawke, Chvrches, METZ, Purity Ring and Shamir.

The Internet perform at Laneway 2016 at Silo Park. Photo/Doug Sherring
The Internet perform at Laneway 2016 at Silo Park. Photo/Doug Sherring

Next year's festival is being held on Monday, January 30. The new site is being announced on Thursday in

TimeOut,

and the line-up will be confirmed next week.