Accommodation Pricing

From 1^st January 2020, 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 $51.63

 

Room Type	Maximum  occupancy	Size m2	RAD	DAP		50%RAD	50%DAP
Companion	4	35 m2	$300,000	$40.35	$150,000		$20.17
Companion 2	2	26 m2	$350,000	$47.08	$175,000		$23.54
Single A	1	19 m2	$375,000	$50.44	$187,500		$25.22
Magnolia deluxe	1	36 m2	$550,000	$73.98	$275,000		$36.99
Rivera companion suites	2	37.9 m2	$400,000ea	$53.80	$200,000		$27.28
Rivera deluxe	1	37.9 m2	$550,000	$73.98	$275,000		$36.99
Rivera suites	1	22.5 m2	$500,000	$67.26	$250,000		$33.63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Free Threshold:                         $49,500

First Asset Threshold:                         $169,079.20

Second Asset Threshold:                    $408,237.60

Maximum Permissible Interest Rate:  4.91% as at 1.1.2020