Accommodation Pricing
From 20th March 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 |
Maximumoccupancy |
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: $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: 4.02% as at 20.3.2021
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