Olive Tree
photos: operator / Village Guide
Retirement living · Highbury, Palmerston North

Olive Tree

Olive Tree Apartments Limited · Highbury, Palmerston North · independent villas + serviced apartments + rest home & dementia care
Life Score
87
Exceptional
Capital Back
61
the money ↓
See what life here is like — then weigh what it means for your family further down.
The village

Life here

Olive Tree sits in the leafy Highbury suburb, just a short drive from Palmerston North's city centre. Housing nestles among mature trees and cul-de-sac lanes, where residents tend private gardens and compete at the annual rose show. Whether you're moving into a spacious two- or three-bedroom villa, a serviced apartment, or transitioning to rest home or dementia care, the village's 'living a life with soul' philosophy means you'll find meaningful outlets for your skills and passions—and discover new ones too.

Your home

Living options

Accommodation

Olive Tree offers a full continuum from independent living through to specialist care, all set within beautifully landscaped grounds.

Two- and three-bedroom villas with internal access garage, spacious bedrooms, ample storage, study and conservatory options
One-bedroom serviced apartments in a range of sizes
Studio apartments
Rest home rooms with en-suite
Secure dementia care rooms with en-suite
All units feature 24-hour emergency alarms
Living options
A day in the life

What living here is actually like

Life at Olive Tree revolves around connection, activity and the changing seasons.

Activities & Community

The village calendar is full: lawn bowls, supervised exercise, movie sessions, happy hours, music therapy, craft sessions and church services. Extensive gardens invite residents to tend flower beds and vegetable gardens. A community van runs weekly shopping trips and excursions. The spa and pool complex supports fitness and relaxation, while hobby rooms, a library, piano and residents' workshop encourage creative pursuits.

Lawn bowls and bowling green
Spa pool and indoor swimming pool
Gym and supervised exercise programmes
Movie sessions and entertainment
Music therapy and classical music
Craft sessions and hobby room
Church services
Happy hours and resident dinners
Community van outings and shopping trips
Croquet, petanque, mini golf, table tennis
Library, piano, pool table, dance floor
Residents' kitchen and workshop
Hair salon on-site
Always something on
On your doorstep

Facilities & services

BBQ and entertaining area
Bowling green
Community centre
Croquet
Cycling without age
Dance floor
Dining room
Gym and exercise equipment
Hair salon
Hobby room
Library
Lounge with large screen TV
Mini golf and putting area
Petanque
Piano
Pool table
Residents' kitchen
Residents' workshop
Spa pool
Swimming pool
Table tennis
Community van for outings
Peace of mind

Care for life, on site

If your health changes, you won't have to leave the place you know. Olive Tree offers these levels of care on site:

IndependentServicedRest homeHospitalSecure dementia
✓ Registered nurse available for appointments · 24-hour emergency call system · Hydrotherapy · Housekeeping · Personal laundry service
Care and community
Where it is

Setting & neighbourhood

Olive Tree is located in the suburban Highbury neighbourhood of Palmerston North, just a short drive from the city centre. The village is set among mature trees and landscaped gardens that change with the seasons, creating a peaceful residential setting while maintaining easy access to wider community amenities. The village bus runs regular outings, keeping residents connected to Palmerston North's shops, services and attractions.

Interested?

Like the look of Olive Tree?

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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
61
Above average · #27 of 520
Better than 95% of NZ villages — yet the market median is just 46. The sector is tough.
Deferred fee
30%
charged on your entry price
Your share of capital gain
0%
operator keeps 100% of any uplift
Time to get capital back
~98.5 days
median, from 12 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 61 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.

Move-in fee you don't get back Deferred Management Fee — weighted 30%
30% deferred fee — lower is better.
25
Share of capital growth Capital gain to resident — weighted 15%
0% — the operator keeps any resale uplift.
0
Speed your capital returns Median resale time — weighted 30%
98.5 days across recent resales.
94
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

30%

Accrues over your first 2 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

~98.5 days median

Your capital is repaid once the unit is re-licensed to a new resident. (Operator-stated average: 89 days.)

Market: median 154 days; 21 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