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
 
 Maximum 
occupancy
 Size m2

 RAD

 DAP
50%RAD

 50%DAP

Companion

4

35 m2

$300,000

 $41.10

 $150,000

$20.55

Companion 2

2

26 m2

$350,000

 $47.94

 $175,000

$23.97

Single A

1

19 m2

$375,000

 $51.36

 $187,500

$25.68

Magnolia deluxe

1

36 m2

$550,000

 $75.34

 $275,000

$37.61

Rivera Suites

1

22.5 m2

$500,000

 $68.49

 $250,000

$34.24

Rivera Companion Suites

2

37.9 m2

$400,000 (each)

 $54.79

 $200,000

$27.40

Rivera Delux

1

37.9 m2

$700,000

 $95.89

 $350,000

$47.95

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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:  5% as at 1 July 2022 - 30 September 2022

 

 

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Hawkesbury Living