Bed Prices
ABOUT
Residents can choose from three accommodation payment options: Refundable Accommodation Deposit (RAD), Daily Accommodation Payment (DAP), or a combination of both. DAP amounts are calculated using the current Maximum Permissible Interest Rate (MPIR) of 7.65%.
Standard Room – Ensuite
Room Price: $500,000 per bed
Room Type: Single Room with Ensuite
Option 1 – RAD (Lump Sum Payment)
Pay the full lump sum of $500,000.
Refundable Accommodation Deposit (RAD). This amount is refundable when the resident leaves the home, less any applicable deductions such as retention amounts in accordance with aged care regulations.
Option 2 – DAP (Daily Payment)
Pay a daily accommodation payment of $104.79 per day.
Daily Accommodation Payment (DAP) is charged daily and billed monthly.
Option 3 – Combination of RAD & DAP
Residents may choose to pay part of the accommodation price as a lump sum RAD. The remaining balance will be charged as a reduced Daily Accommodation Payment (DAP). The more RAD paid upfront, the lower the daily payment will be.
Standard Room – Ensuite (New Build)
Room Price: $600,000 per bed
Room Type: Single Room with Ensuite
Option 1 – RAD (Lump Sum Payment)
Pay the full lump sum of $600,000.
Refundable Accommodation Deposit (RAD). This amount is refundable when the resident leaves the home, less any applicable deductions such as retention amounts in accordance with aged care regulations.
Option 2 – DAP (Daily Payment)
Pay a daily accommodation payment of $125.75 per day.
Daily Accommodation Payment (DAP) is charged daily and billed monthly.
Option 3 – Combination of RAD & DAP
Residents may choose to pay part of the accommodation price as a lump sum RAD. The remaining balance will be charged as a reduced Daily Accommodation Payment (DAP). The more RAD paid upfront, the lower the daily payment will be.
Important Note
Accommodation payments are determined under Australian Government aged care regulations. The Daily Accommodation Payment (DAP) is calculated using the Maximum Permissible Interest Rate (MPIR), currently 7.65%, and may change over time.
In addition to accommodation payments, residents are also required to pay the Basic Daily Fee (BDF), which is set by the Australian Government. Depending on a resident’s financial circumstances, a Means-Tested Care Fee may also apply.