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MORNINGTON VIC
Ti Tree Operations Pty Ltd
Village Glen Aged Care Residences Mornington - 827 829 NEPEAN Highway MORNINGTON VIC 3931
827 829 NEPEAN Highway , MORNINGTON , 3931, VIC
Beds: 92
Category: Private Incorporated Body
Provider: Ti Tree Operations Pty Ltd
Village Glen Aged Care Residences Mornington
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency
Do you need respite care, convalescent care, or permanent care for a loved one at Village Glen Aged Care Residences Mornington ?
Are you seaching for a vacancy in an aged care home in MORNINGTON or close-by ?
NursingHomes.com.au can provide an independent and experienced advice about Village Glen Aged Care Residences Mornington, including services delivered and financials, and a comparison to other aged care homes in MORNINGTON.
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The benefits of using an aged care placement service include:
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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Select RAD Amount: $
% |
Lump Sum of RAD Paid : $
DAP :$20.20 pd
Interest rate (MPIR) is: 8.34%pa
(effective 1/04/2024)