Accommodation Pricing

From 1st July 2021, 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 $52.71

 

 

Room Type
 
 Maximum 
occupancy
 Size m2

 RAD

 DAP
50%RAD

 50%DAP

Companion

4

35 m2

$300,000

 $33.20

 $150,000

$16.60

Companion 2

2

26 m2

$350,000

 $38.73

 $175,000

$19.36

Single A

1

19 m2

$375,000

 $41.50

 $187,500

$20.75

Magnolia deluxe

1

36 m2

$550,000

 $60.87

 $275,000

$30.43

Rivera Suites

1

22.5 m2

$500,000

 $55.34

 $250,000

$27.67

Rivera Companion Suites

2

37.9 m2

$400,000 (each)

 $44.27

 $200,000

$22.13

Rivera Delux

1

37.9 m2

$700,000

 $77.47

 $350,000

$38.73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Free Threshold:                         $51,000

First Asset Threshold:                         $173,075.20

Second Asset Threshold:                    $417,225.60

MTF annual cap:                                   $28,338.71

MTF lifetime cap:                                  $68,012.98

Maximum Permissible Interest Rate:  4.04% as at 01.07.2021

 

 

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Hawkesbury Living