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	Maximum  occupancy	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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