Taradale Masonic Village

The village

Life here

Taradale Masonic Village is part of the Napier District Masonic Trust, serving the community since 1961. Located at 15 Devonshire Place, Taradale, the village sits within the grounds of the Residential Rest Home and Continuing Care Wing. This independent living community offers 18 two-bedroom villas in a park-like setting, providing a safe yet independent environment. The village is one of four operated by the Trust that includes a community hall where classes and entertainment are organised by residents and their social club. Residents enjoy a strong sense of camaraderie while maintaining independent lifestyles in a vibrant Napier suburb close to boutique shopping, café culture, cycle trails, parks, events and wineries.

A day in the life

What living here is actually like

Life at Taradale Masonic Village centres on independence, community connection, and enjoying the lifestyle you choose.

Village Lifestyle & Community

Residents live within a community of like-minded people where they can live the way they choose and experience all the benefits of village lifestyle. The village organises a variety of social activities and outings through the residents' social club, with something for everyone from social hours, dinner nights, and celebration of national events. Participation in activities is entirely optional. The Trust handles outdoor maintenance including lawn-mowing, allowing residents more time to do what they enjoy most. Residents are encouraged to remain actively involved in community groups and activities outside the village.

✓ Community hall for classes and entertainment

✓ Residents' social club

✓ Variety of social activities and outings

✓ Outdoor maintenance provided

✓ 24-hour emergency care access

✓ Close to Taradale shopping centre, cafés, cycle trails, parks, and wineries

Now the practical part

The money — what comes back to your family

You've seen why you'd love it. This is the part most families only discover at the exit statement — so we put it in plain sight. Every figure is from the village's own filed Disclosure Statement.

Capital Back score

Above average · #20 of 520

Better than 96% of NZ villages — yet the market median is just 46. The sector is tough.

Deferred fee

25%

charged on your entry price

Your share of capital gain

operator keeps 100% of any uplift

Time to get capital back

~139 days

median of 13 recent resales

Fees after you leave

Stop

good — many villages keep charging

Before you sign, get independent eyes on the contract.An ORA-review lawyer or independent financial adviser — never paid by any operator — checks what it really means for your family.

⚖ Get independent advice →

How the 63 is built

Nothing hidden — every component

The Capital Back score is a transparent weighting of five filed terms — you can see exactly where this village wins and loses. Full methodology →

Move-in fee you don't get back Deferred Management Fee — weighted 30%

25% deferred fee — lower is better.

Share of capital growth Capital gain to resident — weighted 15%

0% — the operator keeps any resale uplift.

Speed your capital returns Filed resale times — weighted 30%

139 days (median of 13 recent resales).

Fees stop when you leave Weekly fees on exit — weighted 15%

Charges end on vacancy.

100

Interest if repayment is slow Interest on delayed capital — weighted 10%

Interest is payable if capital is returned late.

100

The filed terms, in plain English

What the Disclosure Statement actually says

Every operator uses different words for the same thing — we normalise them so you can compare like with like.

Deferred Management Fee

25%

Accrues over your first 4 years, charged on the entry price.

Market: median 30%; only 16% of villages charge under 25%.

↑

Capital gain

0% to the resident

Any increase in the licence value at resale is kept entirely by the operator.

Market: just 8% of NZ villages share any capital gain.

⏱

How fast your capital comes back

~139 days median of 13 recent resales

Your capital is repaid once the unit is re-licensed to a new resident. (Operator-stated average: 142 days.)

Market: median 128 days; some villages still average over a year.

✓

Fees & interest on exit

Resident-friendly

Weekly fees stop when you vacate, and interest is payable if your capital is returned late.

Market: 220 of 520 villages keep charging weekly fees after you've gone.

Before you sign the ORA

The reckoning usually arrives too late

You're buying a licence to occupy, not the home — you can't sell, rent or borrow against it.
A large deferred fee is gone within a few years, whatever the unit later sells for.
Your family carries the risk of how long resale takes — and the operator's ability to pay.
None of this is hidden — it's all in the Disclosure Statement most people sign without reading.

Have someone independent read it first

We'll connect you with a retirement-village review lawyer or independent financial adviser — no operator pays to be here.

Request an ORA review → Talk to a financial adviser