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Feature article
Retirement homes in New Zealand: What you need to know
There’s more to retirement home living than you might think.
26 November 2025
AI summary
Considering a retirement village? In New Zealand, you typically buy a Licence to Occupy (LTO) for $300k-$1M+, not the property itself. You'll also pay weekly fees for maintenance and amenities.
When you leave, a Deferred Management Fee (DMF) of 20-30% is deducted from your refund, and you won't receive any capital gains. Alternatives include downsizing or aging in place. It's crucial to visit villages, compare costs, and get independent legal advice before signing any contract.
What you’ll learn
How much does it cost to live in a retirement home in New Zealand?
Some pricing examples (as of November 2025)
Auckland retirement villages
Wellington retirement villages
Christchurch / Canterbury retirement villages
What’s the alternative to a retirement village in New Zealand?
What age can you go into a retirement home?
What are the downsides of living in a retirement village?
Planning your next move
Author
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