Licence to occupy

Leaving a retirement village

Kiwi Story

When Arthur and Raewyn were 66, they decided to sell the old family home and move into a modern unit ...

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.

Legal matters

Buying into a retirement village is different from buying other residential property.