Accommodation Pricing
From 20th September 2023, 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 $60.86
Room Type |
Maximumoccupancy |
Size m2 |
RAD |
DAP |
50%RAD
|
50%DAP |
|
Companion |
4 |
35 m2 |
$300,000 |
$66.98 |
$150,000 |
$33.49 |
|
Companion 2 |
2 |
26 m2 |
$350,000 |
$78.15 |
$175,000 |
$39.07 |
|
Single A |
1 |
19 m2 |
$375,000 |
$83.73 |
$187,500 |
$41.86 |
|
Magnolia Deluxe |
1 2 (Couple) |
36 m2 |
$550,000 $700,000 |
$122.80 $156.30 |
$275,000 $350.000 |
$53.19 $78.15 |
|
Rivera Suites |
1 |
22.5 m2
|
$500,000 |
$111.64 |
$250,000 |
$55.82 |
|
Rivera Companion Suites |
2 |
37.9 m2 |
$400,000 (each) |
$89.31 |
$200,000 |
$44.65 |
|
Rivera Delux |
1 |
37.9 m2 |
$700,000 |
$156.30 |
$350,000 |
$78.15 |
Asset Free Threshold: $58,500
First Asset Threshold: $197,735.20
Second Asset Threshold: $476,205.60
MTF annual cap: $32,718.57
MTF lifetime cap: $78,524.69
Maximum Permissible Interest Rate: From 1 October to 31 December is 8.15%
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