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	RAD	DAP		50% RAD	50% DAP
Companion	4	35m2	300,000	48.98	150,000		24.49
Companion 2	2	26m2	350,000	57.15	175,000		28.57
Single A	1	19m2	375,000	61.23	187,500		30.61
Deluxe (Magnolia)	1	36m2	550,000	89.80	275,000		44.90

 

 

 

 

 

 

 

 

 

 

 

Asset Free Threshold                      $49,500

First Asset Threshold                      $168,351.20

Second Asset Threshold                 $406,053.60

Maximum Permissable Interest Rate: 5.96%