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Nursing Homes Advice and Placement
MORPHETTVILLE SA
Allity Pty Ltd
Charles Young Residential Care Centre - 53 Austral Terrace MORPHETTVILLE SA 5043
53 Austral Terrace , MORPHETTVILLE , 5043, SA
Beds: 173
Category: Private Incorporated Body
Provider: Allity Pty Ltd
Charles Young Residential Care Centre
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency
Do you need respite care, convalescent care, or permanent care for a loved one at Charles Young Residential Care Centre ?
Are you seaching for a vacancy in an aged care home in MORPHETTVILLE or close-by ?
NursingHomes.com.au can provide an independent and experienced advice about Charles Young Residential Care Centre, including services delivered and financials, and a comparison to other aged care homes in MORPHETTVILLE.
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Located in Morphettville, South of Adelaide, Charles Young is surborder-radius:30px; by activity and opportunity. Surborder-radius:30px; by parklands and a short drive to the beautiful Glenelg foreshore or the busy Marion Shopping Centre, the home is perfectly situated to cater for all lifestyle choices. For visitors, they are just a 5-minute walk to and from public transport.
Charles Young offers a choice of spacious, single and twin rooms with ensuites. The home is purposefully designed with shared communal spaces, internal courtyards, expansive garden areas and walking paths where residents can enjoy fresh air and exercise among the colourful fragrant gardens.
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)