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Aged Care Placement Services
Nursing Homes in Australian Capital Territory
Your assistance in locating a place for my mum close to where she lives and then negotiating with the aged care facility was such a relief for me and very much appreciated. Also, your advice in relation to the costs when entering low care, as well as providing referrals to applicable financial advisors, has been invaluable. Thank you. Mrs Rhondda J.
Dear Andrea, Thank you for all your help. I would not have had a hope all on my own. I hope Brian settles in well, he should do so. Thanks again. Carmel
Thank you once again. I think your service is a God Send. Have a Merry Christmas. Mrs. Booth
I cannot help but think how fortunate we have been in the way everything has worked out. Having Ada and Keith being placed together, in a very comfortable and caring facility, and especially in a location so close to family members has been ideal. Mr Ken C.
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 ...
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