Accommodation Pricing
From 20th March 2025, 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 $63.82
Room Type |
Maximumoccupancy |
Size m2 |
RAD |
DAP |
50%RAD
|
50%DAP |
|
|
Companion |
4 |
35 m2 |
$300,000 |
$69.21 |
$150,000 |
$34.60 |
|
|
Companion 2 |
2 |
26 m2 |
$350,000 |
$80.74 |
$175,000 |
$40.37 |
|
|
Single A |
1 |
19 m2 |
$375,000 |
$86.51 |
$187,500 |
$43.25 |
|
|
Magnolia Deluxe |
1 2 (Couple) |
36 m2 |
$550,000 $700,000 |
$126.88 $161.48 |
$275,000 $350.000 |
$63.44 $80.74 |
|
|
Rivera Suites |
1 |
22.5 m2
|
$500,000 |
$115.34 |
$250,000 |
$57.67 |
|
|
Rivera Companion Suites |
2 |
37.9 m2 |
$450,000 (each) |
$103.81 |
$225,000 |
$51.90 |
|
|
Rivera Delux |
1 |
37.9 m2 |
$800,000 |
$184.55 |
$400,000 |
$92.27 |
|
Asset Free Threshold: $61,500.00
First Asset Threshold: $206,663.20
Second Asset Threshold: $496,989.60
MTF annual cap: $34,311.23
MTF lifetime cap: $82,347.13
Maximum Permissible Interest Rate: From 1 January 2025 is 8.42%
Please click here for further information
Scan the code for direct access to this website on your mobile
