A retirement village is a community specially built to cater towards the needs and lifestyles of older people. Villages vary greatly across New Zealand – from accommodation and care options to on-site facilities – so there are lots of options to consider. If you are considering village life, it pays to do your research and to get specialist financial and legal advice.
Thinking about a retirement village
Do all retirement villages have care on site?
Not every retirement village in Aotearoa New Zealand offers aged care on site, so it's important to understand exactly what support is available before you make a move. The questions below can help you compare villages and get a feel for the level of care you can expect. What services...
How do I choose the right village for me?
More than 53,000 people live in retirement villages throughout New Zealand, and research suggests that most residents report a high level of satisfaction. Of course, it all comes down to choosing a village that is right for you. Make sure you visit a village more than once before you make...
Looking for a retirement village property? Consider this
Retirement villages in Aotearoa New Zealand offer a wide range of accommodation options, including villas, townhouses, apartments, and studios ( learn more here ). Remember – whichever option you choose will become your home, so it needs to feel right for your lifestyle. Here are some questions to ask when...
Should I choose retirement village that belongs to the RVA?
The Retirement Villages Association (RVA) is a voluntary association that represents retirement village operators, managers, and commercial organisations across New Zealand. Their aim is to provide a high standard of living for village residents. Choosing an RVA member retirement village means that you are protected under the Retirement Villages Act...
Thinking of retirement living? Here are the legal must-dos
Buying into a retirement village is quite different from purchasing a home in the traditional sense. There can be some legal 'fishhooks' to get your head around, the terminology is specialised, and there are important rights and responsibilities that you'll want to fully understand. That's why getting proper legal advice...
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Thinking of retirement living? Read these key financial tips
Just like any property purchase, moving into a retirement village is a big financial commitment. Every village operates a little differently, and fees or conditions can vary from village to village and region to region. Getting specialist legal advice is one of the best ways to make sure you understand...
Thinking of retirement living? Start here
Retirement villages in New Zealand vary greatly – in size, location, on-site offerings, ownership, philosophy and of course price. Choosing the right one really comes down to finding a village that fits your lifestyle, expectation, and future needs. Before you get your heart set on any particular village or unit,...
What are the pros and cons of living in a village?
Approximately 14% of the people aged 75 and older choose to live in a village – and that number is set to increase as our population continues to age. It is estimated that 26,000 retirement village units will need to be built by 2033 just to keep up with current...
What is a serviced apartment?
A serviced apartment, a common retirement village option, provides for the delivery of services to people who are paying privately for services. Commonly these people are reasonably independent. Services range from meals and cleaning services to, in some cases, high-end services such as a personal chef and chauffeur. High levels...
What is an ORA?
Buying into a retirement village works differently to purchasing a regular house. In most villages, you don't actually 'own' the unit or the land it's on, as you would in a traditional property purchase. Instead, the amount you pay upfront is called your Capital Contribution , which gives you the...
What is the best retirement village for my lifestyle?
When looking to a move to a retirement village, it’s important to consider how your new surroundings will suit your lifestyle. Here are a few questions to ask yourself when making your shortlist: Village life Is it easy for loved ones to visit? Can your friends/whānau (such as grandchildren) stay?...
What is the best village to choose?
With more than 400 Retirement Villages in New Zealand, there is plenty of choice when it comes to where to live. Villages vary greatly – in size, location, on-site offerings, ownership, culture and of course, price – so it comes down to choosing the village that best suits your needs....
What to weigh-up if considering a retirement village?
Before you get your heart set on any particular village or unit, take your time to look around and gather as much information as you can. Talk to friends who've already done their research or who have moved into a village themselves. Explore all your options, and make sure you...