What are the Media saying about Capital Gain in Retirement Villages?
Karaka Pines Villages were caught in the media spotlight this year when Stuff discovered that there was an option to the traditional village model, New Village Operator promises Capital Gain . This was picked up throughout New Zealand and even featured on News Talk ZB when Sara Hartigan brought it up for their afternoon session. https://www.newstalkzb.co.nz/the-oneroof-radio-show/sara-hartigan-new-way-of-retirement-living-proposed/
There are many articles available which highlight the benefits and pitfalls of moving to a village. https://www.noted.co.nz/money/money-property/cost-of-living-in-a-retirement-village While most people, once they have moved into a village, really enjoy the lack of hassle, the worries being removed, and the feeling of being safe and secure a major hurdle is the financial model of the major villages. These operators take so much of the capital from their residents built up over a lifetime of saving. While you might say that your children don’t have any entitlement to your savings why would you choose to give those savings to a major corporation. Our Next Generation Model allows you and your family to keep that capital gain – you set and get the sale price of your unit, while our facilities fees are around half that of the other operators. We see this as simply fair as the residents get to keep much more of their hard won equity. Karaka Pines Villages are proud to bring this new Next Generation retirement village to the new township of Auranga, Drury.