Retirement village costs

The cost of village living

Kiwi Story

Peggy and Ted analysed the service charges in their village over the last few months of being in residence. ...

Knowing the financial consequences

The purchase cost when entering a village is not the only significant cost. In addition, residents may not be entitled to any capital gain when they leave.

Glossary: capital gain
The profit you make when you sell an investment for more than you paid for it. If you buy a house for $300,000 and sell it for $320,000, your capital gain is $20,000. A capital loss is when you sell an investment for less than you paid for it.

Costs

There are usually significant costs when you enter and leave a village or transfer within it, as well as ongoing expenses while you live there.