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Uniting AgeWell Manor Lakes

WYNDHAM VALE  VIC

Uniting Agewell Limited

Nursing Homes Directory

Uniting AgeWell Manor Lakes - 15 Buffalo Crescent WYNDHAM VALE VIC 3024


Location


15 Buffalo Crescent , WYNDHAM VALE , 3024, VIC

Beds: 84

Category: Religious

Provider: Uniting Agewell Limited

Uniting AgeWell Manor Lakes
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency





Uniting AgeWell Manor Lakes

Need Aged Care Advice, Placement or Advocacy ?

Do you need respite care, convalescent care, or permanent care for a loved one at Uniting AgeWell Manor Lakes ?

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

NursingHomes.com.au can provide an independent and experienced advice about Uniting AgeWell Manor Lakes, including services delivered and financials, and a comparison to other aged care homes in WYNDHAM VALE.

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


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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)