Search Results for "retirement villages west auckland"

You have the right to leave a retirement village whenever you choose but you need to be aware that there are costs associated when you do. Learn more about the costs of exiting a village. Remember: even after you sign an ORA, you have a ’15-day ‘cooling off’ period during...

All retirement villages in New Zealand have associated costs, such as weekly fees. These generally cover things such as council and water rates, building insurance, external maintenance (including gardening), upkeep of communal facilities, staff costs, gardening and management of the village. You are responsible for paying for your personal costs,...

Are Retirement Villages expensive? In short, the answer is ‘not always.’ There can be some very affordable homes within Retirement Villages, however, not all are priced at the affordable end of the market either. Just like real estate on the open market, Retirement Villages offer a range of options –...

The following example shows how the Deferred Management Fee (DMF) is worked out in New Zealand and how it affects the final payout. Example – Mr C Mr C chose a unit in a village near to his old home. He did his homework which included: Using the village checklist...

LEAVING THE VILLAGE It is important when you ENTER a retirement village in New Zealand that you know what to expect when you LEAVE a village: Do you understand what the Deferred Management Fee (DMF) is and how this will influence the amount you receive once you sell your home?...

Retirement village residents with a Licence to Occupy are eligible for the Government’s full Rates Rebate if they meet the income criteria. The new threshold amounts are set every year in mid-June. You will find more information on rates rebates in retirement villages in New Zealand here. An application for...

Rest homes and retirement villages are terms that are often used incorrectly and interchangeably which causes confusion. Not only do they serve different purposes they are governed by different legislation and regulations. To many people, the word rest home includes ANY facility where older people live and where they can...

Drawing a distinction between accommodation and care is a way to begin to understand the differences between retirement villages, rest homes and other options. Once there were rest homes and then along came lifestyle and retirement villages. Rest homes were tasked with caring for the frail and chronically ill, and...

The age that you need to be to enter a Retirement Village in New Zealand varies by village. Some villages may allow residents to enter at 55 while others commonly have a minimum entry age of between 65 and 75. Find out more on retirementvillages.co.nz - we have every village...

You might have heard that people lose a lot of money when they move into a Retirement Village, or that entering a village is a ‘rip off’. We have found that people that make those kinds of statements usually do not understand how the unique financial agreements work when entering...

From the Te Ara Ahunga Ora Retirement Commission website: “In June 2021 Te Ara Ahunga Ora Retirement Commission released a report and recommendations following public consultation on a white paper* studying the effects of the complex legal framework governing the retirement village sector. They received nearly 3300 submissions. While most...

You are responsible for paying for your personal costs, such as personal contents insurance, internal maintenance to your dwelling, power, phone and paid television/streaming services. You may also find that some activities/outings incur additional costs too. The majority of retirement villages in New Zealand also charge weekly fees, which covers...

While it is true that some village residents may need to receive care in an alternative facility, it is by no means the most likely scenario. In fact, only 12.8% of Kiwis living in villages end up being moved to a different facility to receive care and more than half...

All retirement villages in New Zealand have associated costs, such as weekly fees. These generally cover things such as council and water rates, building insurance, external maintenance (including gardening), upkeep of communal facilities, staff costs, gardening and management of the village. Learn more about the cost of living in a...

Each move within a village incurs a cost. If moving between independent accommodation types (such as downsizing to a smaller unit), you will pay a ‘transfer fee.’ This is generally charged at a fixed percentage of the original license fee (which can range from 2 – 15%). You won’t have...

The Retirement Commissioner in New Zealand is a government-appointed position as part of Te Ara Ahunga Ora Retirement Commission. The role is responsible for advocating for the interests of older people in relation to retirement income policies (such as New Zealand’s NZ Super pension scheme), services and products. The current...

More than 45,000 people live in retirement villages throughout New Zealand and research suggest that most people enjoy a high level of satisfaction living in a village. Of course, it all comes down to choosing a village that is right for you. Make sure you visit a village more than...

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...

If your village unit has incurred damage as a result of a natural disaster (such as a flood), the village operator should communicate next steps with you. ConsumerNZ has provided an outline of your rights if you live in a food damaged village unit: Residents who need to evacuate a...

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, philosophy and of course price – so it comes down to choosing the village that best suits your needs....