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Green Gables Private Hostel

EPPING  VIC

Wickro Pty Ltd

Nursing Homes Directory

Green Gables Private Hostel - 15 Coulstock Street EPPING VIC 3076


Location


15 Coulstock Street , EPPING , 3076, VIC

Beds: 55

Category: Private Incorporated Body

Provider: Wickro Pty Ltd

Green Gables Private Hostel
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency





Green Gables Private Hostel

Need Aged Care Advice, Placement or Advocacy ?

Do you need respite care, convalescent care, or permanent care for a loved one at Green Gables Private Hostel ?

Are you seaching for a vacancy in an aged care home in EPPING or close-by ?

NursingHomes.com.au can provide an independent and experienced advice about Green Gables Private Hostel, including services delivered and financials, and a comparison to other aged care homes in EPPING.

NursingHomes.com.au is a respected aged care placement service and can help you immediately.


Need more information - Contact Us



What benefits will an Aged Care Placement service provide to you?

The benefits of using an aged care placement service include:

  • Guidance and support - An aged care placement service can provide expert guidance and support to help older adults and their families navigate the complex and often overwhelming process of finding and selecting appropriate long-term care options.

  • Access to information - These services often have access to a wide range of information on available care options, including details on services, amenities, and costs.

  • Advocacy - Aged care placement services can act as an advocate for older adults and their families, helping them to navigate the application and admissions process, and ensuring that their rights and preferences are respected.

  • Coordination - They can help with coordinating the transition to a new care setting, including arranging for necessary medical evaluations, transferring personal belongings, and helping with other logistics.

  • Time-saving - They can save a lot of time and effort for the older adults and their families in finding and selecting the appropriate care options.

  • Cost-effective - It can be cost-effective as some agencies may have a contract with facilities to offer discounted rates.

  • Tailored solutions - They can provide tailored solutions to the unique needs of older adults and their families.


MPIR reducing to 8.34% pa

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

Simple RAD to DAP Conversion

        Select RAD Amount: $

%

        Lump Sum of RAD Paid : $

DAP :$20.20 pd

Interest rate (MPIR) is: 8.34%pa
(effective 1/04/2024)