Retirement village shares: Are Ryman, Summerset and Oceania good investments? – Greg Smith

Opinion byGreg SmithNZ Herald·3 Nov, 2026 04:00 PM10 mins to readGreg Smith is an investment specialist at GenerateRyman has lost close to 90% of its value from peak levels, while Summerset (pictured) is down by nearly 60% from its 2021 high. Photo / Warren BucklandNew Zealand’s ageing population should make retirement villages one of the easiest investment stories on the sharemarket. More people are getting older, more will eventually need retirement living or aged care and demand should keep rising.Yet investors in the sector have had a remarkably difficult few years. That apparent