Accommodation Pricing

From 1st January 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 $52.25

 

Room Type
 
 Maximum 
occupancy
 Size m2
 RAD
 DAP
50%RAD
 50%DAP

Companion

4

35 m2

$300,000

 $33.04

 $150,000

$16.52

Companion 2

2

26 m2

$350,000

 $38.54

 $175,000

$19.27

Single A

1

19 m2

$375,000

 $41.03

 $187,500

$20.65

Magnolia deluxe

1

36 m2

$550,000

 $60.57

 $275,000

$30.28

Rivera companion suites

2

37.9 m2

$400,000ea

 $44.05

 $200,000

$22.02

Rivera deluxe

1

37.9 m2

$700,000

 $77.09

 $350,000

$38.54

Rivera suites

1

22.5 m2

$500,000

 $55.06

 $250,000

$27.53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Free Threshold:                         $50,500

First Asset Threshold:                         $171,535.20

Second Asset Threshold:                    $413,605.60

MTF annual cap:                                   $28,087.41

MTF lifetime cap:                                  $67,409.85

Maximum Permissible Interest Rate:  4.02% as at 1.1.2021

 

 

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Hawkesbury Living