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

(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%

 Please click here for further information 

 

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Hawkesbury Living