Accommodation Pricing
From 1st 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 $52.25
Room Type |
Maximumoccupancy |
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 |
$700,000 |
$93.78 |
$350,000 |
$46.89 |
|
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