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Wānaka Peaks
photos: operator / Village Guide
Retirement living · Wanaka, Queenstown Lakes

Wānaka Peaks

Metlifecare Retirement Villages Limited · in the heart of Wānaka · surrounded by the Southern Alps · independent living villas
Life Score
51
Good
Capital Back
44
the money ↓
See what life here is like — then weigh what it means for your family further down.
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The village

Life here

Wānaka Peaks is Metlifecare's newest South Island retirement offering, a thoughtfully designed village in the heart of Wānaka surrounded by the Southern Alps. Wake each morning to sweeping mountain views and the calm of a village designed in authentic Central Otago style. Step into beautifully crafted villas where seamless indoor-outdoor living creates the perfect setting to entertain, relax, or simply savour the day. Explore cycleways and walkways, stroll to the golf course, township, or lake, and connect with friends in a vibrant, welcoming community.

Your home

Living options

Brand-New Villas

Wānaka Peaks offers a range of brand-new villas thoughtfully planned to maximise space and comfort, with a seamless blend of style and practicality. Each home features effortless indoor-outdoor flow and is available in multiple layouts throughout the village.

✓ Two-bedroom villas from $1,400,000 (1.5 bathrooms, single garage)
✓ Three-bedroom villas from $1,700,000 (2 bathrooms, single garage)
✓ Premium villas from $2,800,000 (3 bedrooms, 2 bathrooms, double garage, generous standalone sites)
Living options
A day in the life

What living here is actually like

Life at Wānaka Peaks is designed around connection, activity, and the great outdoors.

A Vibrant Community Lifestyle

Residents enjoy lock-and-leave convenience with secure storage, easy access to cycleways and walkways, and proximity to the golf course, township, and lake. The village will feature a range of social and recreational facilities to foster a welcoming, vibrant community.

✓ Indoor swimming pool (to come)
✓ Café (to come)
✓ Cinema/library area (to come)
✓ Gym (to come)
✓ Beauty salon (to come)
✓ Arts and crafts (to come)
✓ Exercise classes (to come)
✓ Movie nights (to come)
✓ Card and board games (to come)
✓ Bingo (to come)
✓ Organised entertainment (to come)
✓ Activities spaces (to come)
Always something on
On your doorstep

Facilities & services

Indoor swimming pool
Café
Cinema/library area
Gym
Beauty salon
Arts and crafts studio
Activity spaces
Village van
Peace of mind

Care for life, on site

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

Independent
✓ 24-hour emergency call system · Staff on-site 24 hours · Linen and towel laundry
Care and community
Where it is

Setting & neighbourhood

Wānaka Peaks is nestled in the heart of Wānaka, surrounded by the Southern Alps. The village is designed in authentic Central Otago style and positioned to offer easy access to the township, lake, golf course, and extensive cycleways and walkways. The location combines alpine beauty with convenient access to local amenities and outdoor recreation.

Interested?

Like the look of Wānaka Peaks?

Get the brochure, current pricing and availability, or book a look around — sent straight to you. No pressure, and we'll never pass your details to the village without asking.

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Want a second opinion on the contract too? Get independent advice →

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
44
Below average · #286 of 520
Better than 45% 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
~247 days
median, from 25 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 44 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%
247 days across recent resales.
72
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%
No interest on delayed repayment.
0
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 3 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

~247 days median

Your capital is repaid once the unit is re-licensed to a new resident. (Operator-stated average: 260 days.)

Market: median 154 days; 21 villages still average over a year.
✓

Fees & interest on exit

Resident-friendly

Weekly fees stop when you vacate.

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