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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 home? Units typically cost $300,000 to $1,000,000 for a Licence to Occupy (LTO), not direct ownership.
Residents also pay weekly fees for amenities. Upon leaving, a Deferred Management Fee (DMF) of 20-30% is deducted, and you don't receive capital gains. Alternatives include downsizing or aging in place.
Before signing any agreement, it's crucial to visit villages, compare all costs, and seek independent legal advice.
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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