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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? Most in New Zealand operate on a Licence to Occupy (LTO) model, costing $300,000 to over $1,000,000. This is not direct ownership, and you typically won't receive capital gains.
Residents also pay weekly fees and a Deferred Management Fee (DMF) of 20-30% is deducted when you leave. Alternatives include downsizing or staying in your own home. It is essential to visit multiple villages and seek independent legal advice before signing any agreement.
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
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