Vivid Living Karaka
Karaka, AucklandIndependentRegistered on the Retirement Villages Register
In short
- Entry prices from $850,000 (3 units for sale now).
- 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
- $850,000lowest of 3 units for sale now
- Exit fee
- 15%builds over 3 years
- Weekly fee
- Not published
- When you are repaid
- Not published
- Registered
- Yesno. 2753740
- Care on site
- None listed
What it costs
Entry price
$850,000 to $1,155,000
For the 3 units for sale now on Eldernet. This is not a price for every unit in the village.
Prices seen on the village's own site: Karaka villas: 2-bed/1-bath from $850,000; 2-bed/1.5-bath from $895,000; 3-bed villa $1,155,000 (source: vividliving.co.nz/locations/karaka)
Exit fee (deferred management fee)
15% of what you paid
How it builds
Accrues daily at 5%/year; not paid during residency, deducted from the Repayment Sum only when the ORA is terminated
Weekly fee
Not published
No dollar amount stated; FAQ says annual increases are capped at the lesser of the NZ Super rate change or 1.5%, and fees stop once you permanently vacate
Capital gain (a rise in the unit's value)
Resident receives 50% of any net gain on resale (after resale/refurbishment/marketing costs); resident bears no capital loss if resale proceeds are lower than what they paid
When you are repaid
Not published
As a fixed number of days; site states a guaranteed buy-back -- if the villa is unsold 4 months after the ORA ends, Vivid Living pays the Repayment Sum itself
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?
The exit fee builds over 3 years to 15%. The calculator spreads it evenly over those years; the exact schedule is in the fee notes above. Before weekly fees and any other charges.
Units for sale on Eldernet (3)
As listed on Eldernet on 15 and 16 October 2026. Prices are what the village is asking, before any exit fee.
Registered village
Registered as Vivid Living Karaka
- Registration number
- 2753740
- Registered since
- 2024
- Statutory supervisor
- Covenant Trustee Services Limitedappointed 23 April 2024
A statutory supervisor is an independent party, licensed by the Financial Markets Authority, that holds residents' deposits and watches the village's finances (Retirement Commission).
Source: this village's entry on the Retirement Villages Register, read 15 October 2026.
About the village
Vivid Living at Karaka brings you connected country living, with a stunning waterside location featuring beautiful cycleways, walkways, and plenty of hospitality. A brand-new neighbourhood centre and waterfront café in the neighbourhood, so everything you need will be on your doorstep. Our community features stunning architecture designed to meet your needs, all within a suburban estuary setting. Vivid Living Karaka will offer a variety of 2 & 3 bedroom villas and 2 bedroom terraced apartments, with a Residents’ Lounge at the heart of the village. Vivid Living offers modern, independent living at its best, supporting you to live the way you choose. Visit our display suite at 241 Park Estate Road, Karaka to chat to our friendly team!
In the village's own words, from its Eldernet listing.
Care homes nearby
- Summerset at Karaka 1.5 km away · rest home, hospital
- Park Estate Home and Hospital 1.6 km away · rest home, hospital
- CHT Karaka 1.8 km away · rest home, hospital, dementia
- Keringle Park 2.5 km away · rest home, dementia
Where this comes from
- Address
- 241 Park Estate Road, Karaka, Auckland
- Operator
- Independent
- Phone
- (09) 571 4428
- Source: Eldernet listing (vivid-living-karaka), read 15 and 16 October 2026 (listing, care levels, units for sale)
- Source: vividliving.co.nz/locations/karaka, read 15 and 16 October 2026
- Source: Retirement Villages Register entry, read 15 October 2026 (registration and statutory supervisor)
Confidence: Medium. DMF %, cap, and capital-gain split are direct quotes from the operator's own FAQ; weekly fee amount and exact refund days were not found anywhere on the site.
Research note
Fee terms (DMF, capital gain split, buy-back guarantee) are stated on Vivid Living's group-wide FAQ/Our Benefits pages, not on a Karaka-specific page, and are assumed to apply to Karaka. Checked the site's sitemap (vividliving.co.nz/sitemap_sections_1_0.xml and _9_0.xml) and found no disclosure-statement or fees PDF published on the site.
Spotted something wrong? Tell us and we will fix it.