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Aged Care Placement Services
TEMPLESTOWE LOWER VIC
Mercy Aged and Community Care Ltd
Mercy Place Templestowe - 16 Herlihys Road TEMPLESTOWE LOWER VIC 3107
16 Herlihys Road , TEMPLESTOWE LOWER , 3107, VIC
Beds: 52
Category: Charitable
Provider: Mercy Aged and Community Care Ltd
Mercy Place Templestowe
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency
Do you need respite care, convalescent care, or permanent care for a loved one at Mercy Place Templestowe ?
Are you seaching for a vacancy in an aged care home in TEMPLESTOWE LOWER or close-by ?
NursingHomes.com.au can provide an independent and experienced advice about Mercy Place Templestowe, including services delivered and financials, and a comparison to other aged care homes in TEMPLESTOWE LOWER.
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Mercy Place Templestowe is a relaxed, suburban home with a truly country feel. Set among lush gardens with abundant fruit trees, raised vegetable gardens and inviting courtyards, the home is a sanctuary for residents, friends and family. Maintaining meaningful relationships and building new ones is an important aspect of the model of care, and you’ll enjoy welcoming your community home for conversations by the fire or a BBQ under the gazebo.
The residents value the connection with nature, with the produce from the gardens featuring in the delicious meals, all of which are freshly cooked on site. Mercy Place Templestowe offer a range of activities and the opportunity to try your hand at something new, or simply relax in the cosy lounge or community rooms.
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)