Accommodation Pricing

From 1st January 2019, new pricing will come 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  $50.66

 

Room Type	Maximum Occupancy	Size	RAD	DAP		50% RAD	50% DAP
Companion	4	35m2	300,000	48.82	150,000		24.41
Companion 2	2	26m2	350,000	56.95	175,000		28.47
Single A	1	19m2	375,000	61.02	187,500		30.51
Deluxe (Magnolia)	1	36m2	550,000	89.50	275,000		44.75

 

 

 

 

 

 

 

 

 

 

 

Asset Free Threshold                      $49,000

First Asset Threshold                      $166,707.20

Second Asset Threshold                 $402,121.60

Maximum Permissable Interest Rate: 5.94%