Accommodation Pricing

From 20th March 2019, new pricing came into effect as part of the government Living Longer Living Better reforms. Residents can choose to pay for their accommodation by a refundable deposit, a daily payment or a combination of both. A maximum refundable accommodation deposit (RAD) is paid as a lump sum amount. A maximum daily accommodation payment (DAP) accrues daily and is paid periodically, for example monthly. A combination payment includes both a partial lump sum and daily payments.

Basic Daily Fee  $51.21

 

Room Type	Maximum  occupancy	Size m2	RAD	DAP		50%RAD	50%DAP
Companion	4	35 m2	$300,000	$48.98	$150,000		$24.49
Companion 2	2	26 m2	$350,000	$57.15	$175,000		$28.57
Single A	1	19 m2	$375,000	$61.23	$187,500		$30.61
Magnolia deluxe	1	36 m2	$550,000	$89.80	$275,000		$44.90
Rivera companion suites	2	37.9 m2	$375,000	$61.23	$187,500		$30.61
Rivera deluxe	1	37.9 m2	$550,000	$89.80	$275,000		$44.90
Rivera suites	1	22.5 m2	$400,000	$65.31	$200,000		$32.65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Free Threshold:                         $49,500

First Asset Threshold:                         $168,351.20

Second Asset Threshold:                    $406,053.60

Maximum Permissible Interest Rate:  5.96%