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SURREY HILLS VIC
Arcare Pty Ltd
Arcare Surrey Hills - 18 Florence Road SURREY HILLS VIC 3127
18 Florence Road , SURREY HILLS , 3127, VIC
Beds: 53
Category: Private Incorporated Body
Provider: Arcare Pty Ltd
Arcare Surrey Hills
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency
Do you need respite care, convalescent care, or permanent care for a loved one at Arcare Surrey Hills ?
Are you seaching for a vacancy in an aged care home in SURREY HILLS or close-by ?
NursingHomes.com.au can provide an independent and experienced advice about Arcare Surrey Hills, including services delivered and financials, and a comparison to other aged care homes in SURREY HILLS.
NursingHomes.com.au is a respected aged care placement service and can help you immediately.
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Set in an intimate location just minutes from Surrey Park and Canterbury Road, Arcare Surrey Hills enjoys modern interiors and beautiful amenities that provide plenty of comfort and luxury for residents and their friends and family.
Beyond the luxurious surroundings, your loved one will be supported by our innovative relationship-first approach to celebrating and supporting old age.
Many residents and their families are from Surrey Hills, Mont Albert, Box Hill North, Box Hill, Box Hill South, Mount Waverley, Hawthorn and surrounding suburbs.
The benefits of using an aged care placement service include:
The Maximum Permissible Interest Rate (MPIR) will reduce to 8.34% pa from
For a Refundable Accommodation Deposit (RAD) of $550,000 the equivalent Daily Accommodation Payment (DAP) reduces to $125.67 pd ($45,870 pa).
The Reserve Bank has kept the cash rate on hold for a few months, so we are seeing a very small decrease in the MPIR. This could mean that the MPIR has reached its peak and could be on the slide down.
Also from 1st April 2024, the refurbished Daily Accommodation Contribution (DAC) rate of $68.14 means an equivalent Refundable Accommodation Contribution (RAC) of $298,215. In June 2022 the RAC was $544,719, meaning that aged care homes that are “RAD-focused” are now less likely to look at fully supported / partially supported residents if the aged care home has already exceeded their 40% supported ratio, as the RAC has now dropped below $300,000.
The change in the MPIR to 8.34% is welcomed but should have no major impact on residents as they enter an aged care home from
Learn about RAD, DAP and MPIR ...
Need to discuss aged care fees? Contact Us
Select RAD Amount: $
% |
Lump Sum of RAD Paid : $
DAP :$20.20 pd
Interest rate (MPIR) is: 8.34%pa
(effective 1/04/2024)