Accommodation Pricing

From 1 April 2025, 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 $63.82

 

 

Room Type	Maximum  occupancy	Size m2	RAD	DAP		50%RAD	50%DAP
Companion	4	35 m2	$300,000	$67.15	$150,000		$33.58
Companion 2	2	26 m2	$350,000	$78.34	$175,000		$39.17
Single A	1	19 m2	$375,000	$83.94	$187,500		$41.97
Magnolia Deluxe	1 2 (Couple)	36 m2	$550,000 $700,000	$123.11 $156.68	$275,000 $350.000		$61.55 $78.34
Rivera Suites	1	22.5 m2	$500,000	$111.92	$250,000		$55.96
Rivera Companion Suites	2	37.9 m2	$450,000 (each)	$100.73	$225,000		$50.36
Rivera Delux	1	37.9 m2	$800,000	$179.07	$400,000		$89.53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Free Threshold:                         $61,500.00

First Asset Threshold:                         $206,663.20

Second Asset Threshold:                    $496,989.60

MTF annual cap:                                   $34,311.23

MTF lifetime cap:                                  $82,347.13

Maximum Permissible Interest Rate:  From 1 April 2025 is 8.17%

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