What are the costs of entering a village?
Depending on where you want to live in New Zealand, the cost of ‘buying’ into a village can vary greatly – some units can be priced in the $100,000s while others are in multi-millions. This ‘purchase’ price is known as the Capital Contribution Every retirement village unit listed on retirementvillages.co.nz...
What is the cost of leaving a village?
The major cost of leaving a village is the Deferred Management Fee (DMF) that is deducted from the original capital sum you paid when ‘purchasing’ into the village. It is to cover the cost of the management and refurbishment of the village (roading, footpaths, lighting, communal amenities etc). The industry...
Thinking of retirement living? Start here
Villages in New Zealand 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. Before you get your heart set on any particular village or unit, spend plenty of time studying your...
Do all villages have to be registered?
The majority retirement villages in New Zealand are registered with the Registrar of Retirement Villages, a part of the Ministry of Business, Innovation and Employment. Residents living in a registered village are protected by the Retirement Villages Act 2003. This includes protecting residents from mortgagee sales, liquidation or receivership, and...
Thinking of retirement living? Read these key financial tips
Just like any property purchase, purchasing into a village is a big financial commitment. Ensure you know the financial ins and outs of each retirement village, as they can vary from village to village and region to region, so ensure you get specialist legal advice. Here are some things to...
Thinking of retirement living? Here are the legal must-dos
‘Buying’ into a retirement village is not the same as purchasing a family home, for example. You need specialist legal advice, as there can be some legal ‘fishhooks’ to get your head around. The following questions are designed to assist in your decision-making process: Legal stuff Have you received and...
What is personal care?
Personal care is care provided to older people by a caregiver or home support service related to personal hygiene and care of your body. This may include tasks such as bathing and showering, personal grooming such as washing your hair, cutting nails or shaving, dressing and undressing, and assisting with...
Find information about getting older
We pride ourselves on being the most trusted online resource for older people and those supporting them to find the information they need to navigate the ageing journey. Yet, we also understand that not everyone wants to, or is able to, access the internet. Which is why The Eldernet Group...
Is a care suite different to a serviced apartment?
A care suite is a hybrid-type option that combines a village offering (therefore something that requires an upfront ‘purchase’ price) and support at a higher level of care as certified by Manatū Hauora Ministry of Health and governed by the Age Related Residential Care (ARRC) Agreement. They may also be...
Mythbusting - Will I get access to care on site?
If I live in a retirement village will I get access to the care home on-site? The truth is that if you need a high level of support and can no longer stay in your village unit, you are likely to be able to access care in the onsite care...
Making your own housing decisions
My family want me to move as they think I can’t manage in this house anymore. I appreciate their concerns but don’t necessarily agree with all of them. I’ve got a lot of friends along the street, and I love it here. What can I do? Take a piece of...
What is a statutory supervisor?
All registered villages in New Zealand are required to have a Statutory Supervisor. Their role is to monitor the financial position of the village and the security of its residents. They are independent from the Village Manager and are regulated by the Financial Markets Authority. The Statutory Supervisor reports to...
What is a Disclosure Statement?
A Disclosure Statement is one of the documents you will receive if you intend to ‘purchase’ into a village (alongside an Occupation Right Agreement or ORA). A Disclosure Statement is an important document to read and understand, as it explains the key information about moving to a village, including the...
When a relationship breaks down - housing options
When a relationship breaks down, it can be a difficult and emotional time for anyone involved. For older couples, the process of separating can be particularly complex, especially when it comes to issues such as housing and financial security. Where to live is often one of the first things to...
Key terms and concepts in the older persons’ health sector
10KM RULE: This rule deals with the situation where an intending resident’s first choice of care home only has a room available that attracts extra fees and the person doesn’t want to, or cannot afford to, pay those fees. ACC: Accident Compensation Corporation. ADVANCED CARE PLAN & ADVANCED DIRECTIVES :...
Who pays for my dental care in New Zealand?
It’s important to take care of your teeth , but navigating dental care costs can be a challenge, especially when you’re unsure about the financial options available to help. In this article, we’ll tell you about who typically pays for dental care in New Zealand, the average costs of common...
What's the best way to use this website?
Eldernet Life is about change and whatever your next step, Eldernet is here to help you make decisions that are right for you. Residential Care Search New Zealand’s most comprehensive directory of rest homes and specialist residential care – including up-to-date vacancies. While you’re there, why not order yourself a...
Can I move to a rest home now?
To move into a rest home or care home in New Zealand you will need to have an assessment, known as interRAI. This determines whether you need this care and whether you meet the eligibility criteria. The criteria are high and include a financial means assessment. You need to have...
What is an ORA?
Buying into a village is different to purchasing a house. For the majority of villages, you do not ‘own’ it or the land it’s on (as you might own a house elsewhere). The sum you pay to 'buy' into the village is known as your Capital Contribution. An Occupation Right...
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...
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