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Great Northern Villas

WaikariIndependent

In short

  • No units are listed for sale today.
  • The village keeps 15% of what you paid when you leave. This is its exit fee (deferred management fee).
  • Weekly fee not published.
Entry price from
No units listednone for sale today
Exit fee
15%set from day one
Weekly fee
Not published
When you are repaid
Not published
Registered
Not foundon the register, see below
Care on site
None listed

What it costs

Entry price

No units listed

Eldernet shows no units for sale here today. Ask the village what comes up and when.

Prices seen on the village's own site: "priced from $565,000", Keppler Street Villas, 2-bedroom/2-bathroom, 182sqm with double garage on ~500sqm sites, projected completion April 2027 (source: greatnorthernvillas.co.nz)

Source: Eldernet listing (great-northern-villas)

Exit fee (deferred management fee)

15% of what you paid

Source: greatnorthernvillas.co.nz

How it builds

Not a time-accruing fee; deducted once from the returned Lease Premium at lease termination, on the resident's chosen expiry date.

Source: greatnorthernvillas.co.nz

Weekly fee

Not published

Site refers to a "weekly ground rental" (covers land costs, site services, landscaping) but states no dollar amount; resident may instead capitalize it into a lump sum deducted at lease end

Source: greatnorthernvillas.co.nz

Full research note

not published, site refers to a "weekly ground rental" (covers land costs, site services, landscaping) but states no dollar amount; resident may instead capitalize it into a lump sum deducted at lease end

Capital gain (a rise in the unit's value)

Not published

No capital-gains clause stated on the site; the development uses an "Independent Living Lease Agreement" registered on the property title rather than a standard ORA

Source: greatnorthernvillas.co.nz

When you are repaid

Not published

No number of days/weeks after leaving is stated

Source: greatnorthernvillas.co.nz

Disclosure statement (the village's summary of the deal)

Not published online. The law says the village must give you one before you sign an occupation right agreement (the contract that lets you live there), and it sets out every fee. Ask for it early.

What would you get back?

$510,000 backExit fee 15.0% = $90,000 kept by the village after 5 years. Weekly fees are extra.

This exit fee is charged in full from the day you move in, however long you stay. Before weekly fees and any other charges.

Units for sale on Eldernet

None listed on Eldernet on 15 and 16 October 2026.

Registered village

Not found on the register

We could not find this village on the Retirement Villages Register under this name. Ask the operator for its registration number before signing anything.

You can search the Retirement Villages Register at the Companies Office yourself. We searched a copy read on 15 October 2026.

Care homes nearby

Where this comes from

Address
93 Princes Street, Waikari
Operator
Independent
Phone
Not listed

Confidence: Low.

Research note

Site markets an 'Independent Living Lease Agreement' rather than a standard Occupation Right Agreement, and invites buyers/solicitors to request a sample lease copy directly (howard@greatnorthernvillas.co.nz). This lease structure may fall outside standard Retirement Villages Act ORA disclosure requirements, which would explain why no disclosure statement was found on the site, at guessed /pricing, /documents, /faqs paths (all 404), or on the Eldernet listing.

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