Accommodation Pricing
From 20th March 2022, 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 $54.69
Room Type |
Maximumoccupancy |
Size m2 |
RAD |
DAP |
50%RAD
|
50%DAP |
|
|
Companion |
4 |
35 m2 |
$300,000 |
$41.10 |
$150,000 |
$20.55 |
|
|
Companion 2 |
2 |
26 m2 |
$350,000 |
$47.94 |
$175,000 |
$23.97 |
|
|
Single A |
1 |
19 m2 |
$375,000 |
$51.36 |
$187,500 |
$25.68 |
|
|
Magnolia deluxe |
1 |
36 m2 |
$550,000 |
$75.34 |
$275,000 |
$37.61 |
|
|
Rivera Suites |
1 |
22.5 m2
|
$500,000 |
$68.49 |
$250,000 |
$34.24 |
|
|
Rivera Companion Suites |
2 |
37.9 m2 |
$400,000 (each) |
$54.79 |
$200,000 |
$27.40 |
|
|
Rivera Delux |
1 |
37.9 m2 |
$700,000 |
$95.89 |
$350,000 |
$47.95 |
|
Asset Free Threshold: $52,500
First Asset Threshold: $178,839.20
Second Asset Threshold: $431,517.60
MTF annual cap: $29,399.40
MTF lifetime cap: $70,558.66
Maximum Permissible Interest Rate: 5% as at 1 July 2022 - 30 September 2022
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