mecwacare Malvern Centre - 1245 1247 Malvern Road MALVERN VIC 3144
1245 1247 Malvern Road , MALVERN , 3144, VIC
Category: Community Based
mecwacare Malvern Centre
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency
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Malvern Centre is one of Melbourne’s premium aged care facilities, with over 100 residents enjoying a range of accommodation options.
Malvern Centre is located in the heart of Malvern, with easy access to Melbourne’s CBD, the highest quality medical facilities and superb shopping.
Accommodation for residents ranges from single-room to three-room suites (all with en suites) that can be configured to suit any requirements.
Malvern Centre has been specifically designed to give residents personal space and privacy. A number of community rooms are the ideal space for residents to meet with and entertain friends, with private suites also available. The private suites are spacious and bright – perfect for hosting special occasions and family gatherings.
The tranquil landscaped gardens are popular among residents, with these outdoor areas boasting park benches, lush garden beds and glorious views of the open sky.
Residents of Malvern Centre have access to the following services and amenities:
The benefits of using an aged care placement service include:
The Maximum Permissible Interest Rate (MPIR) has increased to 8.38% pa from
For a Refundable Accommodation Deposit (RAD) of $550,000 the equivalent Daily Accommodation Payment (DAP) increases to $126.27 pd ($46,090 pa).
The Reserve Bank increased the cash rate again in November 2023, which has a flow-on impact to the MPIR. This is now the highest MPIR since January 2012 and more than double the MPIR that applied just a little over one year ago.
Also the refurbished Daily Accommodation Contribution (DAC) rate of $66.94 pd means an equivalent Refundable Accommodation Contribution (RAC) of $291,564. 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 residents if they have exceeded their 40% supported ratio, as the RAC has now dropped below $300,000.
The MPIR increase to 8.38% will have a major impact on residents as they enter an aged care home from
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