North Lakes Terrace Care Community

NORTH LAKES  QLD

DPG Services Pty Ltd

Nursing Homes Directory

North Lakes Terrace Care Community - Cnr Anzac Ave and North Lakes NORTH LAKES QLD 4509


Location


Cnr Anzac Ave and North Lakes , NORTH LAKES , 4509, QLD

Beds: 146

Category: Private Incorporated Body

Provider: DPG Services Pty Ltd

North Lakes Terrace Care Community
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency





North Lakes Terrace Care Community

Need Aged Care Advice, Placement or Advocacy ?

Do you need respite care, convalescent care, or permanent care for a loved one at North Lakes Terrace Care Community ?

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

NursingHomes.com.au can provide an independent and experienced advice about North Lakes Terrace Care Community, including services delivered and financials, and a comparison to other aged care homes in NORTH LAKES.

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)