Retirement Village Information   (Last Updated: 22nd January 2017)

This facility is owned by ARVIDA Villages.

OLIVE TREE RETIREMENT VILLAGE | Arvida is located in Highbury, Palmerston North and offers 140 dwellings with Villa, (3+ bdrm), Villa, (2+ bdrm), Apartment (1 bdrm) of independent retirement living.

No. of Units 140

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Fee model

ORA / LTO7.5% per year, for 4 years.
Maximum 30%

Minimum Age of Entry

65

Max. Deferred Fee

1 Year

2 Year

3 Year

4 Year

5 Year

$0 based on $ 0

1 Year

2 Year

3 Year

4 Year

5 Year

Lowest Known Price

$190,000

Apartment (1 bdrm)

Highest Known Price

$550,000

Villa, (3+ bdrm)

Capital Gain

Provider

Capital Loss (if any)

Maintenance Fees Starting from

Yearly Maintenance Cost

$135 per week

(Paid Weekly)

Yearly Maintenance Cost

Maintenance Fee Increases?

Fixed for Life

Extra Costs/Fees

Power, phone, internet

No. of dwellings in village

140

Data current as of

1 Jan, 2017

Data supplied by

Mystery Shopper