Quote Originally Posted by Roger View Post
... the average entry price to a retirement unit is circa $350,000 so affordability is not usually the barrier to retirement home entry it can possibly be in other parts of the country.
I would be interested to find out more about the average entry price and on-going costs for a retirement unit.

When I last checked on the eldernet site a few months ago even small one bedroom flats in Ryman and Summerset Auckland villages were between 350-400k. In addition, $6500+ pa village fees are required. My guess is that at these levels perhaps up to 50% of Aucks retirees may not be able to afford Ryman and Summerset entry. If they want more than a one-bedroom flat the capital outlay goes up. As time goes by, with falling home ownership rates, my guess is that a greater percent of retirees will not be able to afford the capital outlay.
Disc. Shareholdings in Rym, Sum, Met