PremiumAnne GibsonProperty Editor·NZ Herald·27 Aug, 2026 03:00 AM4 mins to read‌Fancy paying nearly $12 million for this 208sq m four-balcony home looking towards Rangitoto at Summerset St Johns in Auckland's eastern suburbs?A retirement village residents’ representative has decried national owner/operator Summerset Group’s move to increase deferred management fees from 25% to 30%, which could see it raise an extra $35 million over five years.

Deferred management fees are charged when a person exits their licence to occupy