Accommodation Pricing
From 20th March 2022, 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 $54.69
Room Type |
Maximumoccupancy |
Size m2 |
RAD |
DAP |
50%RAD
|
50%DAP |
|
|
Companion |
4 |
35 m2 |
$300,000 |
$33.20 |
$150,000 |
$16.60 |
|
|
Companion 2 |
2 |
26 m2 |
$350,000 |
$38.73 |
$175,000 |
$19.36 |
|
|
Single A |
1 |
19 m2 |
$375,000 |
$41.50 |
$187,500 |
$20.75 |
|
|
Magnolia deluxe |
1 |
36 m2 |
$550,000 |
$60.87 |
$275,000 |
$30.43 |
|
|
Rivera Suites |
1 |
22.5 m2
|
$500,000 |
$55.34 |
$250,000 |
$27.46 |
|
|
Rivera Companion Suites |
2 |
37.9 m2 |
$400,000 (each) |
$44.27 |
$200,000 |
$22.13 |
|
|
Rivera Delux |
1 |
37.9 m2 |
$700,000 |
$77.47 |
$350,000 |
$38.73 |
|
Asset Free Threshold: $52,500
First Asset Threshold: $178,839.20
Second Asset Threshold: $431,517.60
MTF annual cap: $29,399.40
MTF lifetime cap: $70,558.66
Maximum Permissible Interest Rate: 4.04% as at 1st January - 31st March 2022
Maximum Permissable Interest Rate: 4.07% as at 1st April - 30th June 2022
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