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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
Thinking about retirement homes? Expect to pay $300k-$1M for a Licence to Occupy (LTO), not direct ownership. This model includes weekly fees and a Deferred Management Fee (DMF) of 20-30% when you leave, meaning you don't receive capital gains.
Key considerations include:
- Entry age is typically 55+
- Alternatives like downsizing or aging in place
- Village rules and potential restrictions
Always get independent legal advice before signing any agreement to ensure it's the right choice for you.
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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