Multicultural Aged Care Services Geelong Inc
100 Weddell ROAD NORTH GEELONG VIC 3215
Beds: 103
Category: Community Based
Provider: Multicultural Aged Care Services Geelong Inc
Do you have a loved one who needs respite or permanent placement at Multicultural Aged Care Services Geelong Inc or another aged care facility in the NORTH GEELONG area ?
Preferably with an accommodation payment (RAD / DAP), and any additional service fees, within your budget?
We have been placing residents into residential aged care since 2002, and have detailed knowledge and experience to help you with this important decision about Multicultural Aged Care Services Geelong Inc.
Don't be too hasty and make easy mistakes. Access our knowledge and experience prior to making a decision which will have a major impact on your elderly loved one.
The Maximum Permissible Interest Rate (MPIR) increased to 8.42% effective from January 1st 2025.
As facilities proceed to increase RAD’s, the lesser profitability of a concessional resident will result in a clear preference for RAD paying residents.
The effective Refundable Accommodation Contribution (RAC) on a refurbished aged care home, above the 40% concessional ratio, will be $302,671 from 1st January 2025, which will put pressure on those looking to find a concessional placement given average RAD’s are now much higher than this amount.
More about RAD, DAP & MPIR ...
First select the RAD Amount that has been agreed to:
Agreed RAD: $
Use the slider to see how your daily accommodation payment (DAP) will change depending on the lump sum component of the RAD paid. The daily payment is based on the current maximum permissible interest rate (MPIR) of 8.42%.
| % |
Lump Sum Paid: $
DAP :$20.20 pd
Interest rate (MPIR) is: 8.42%pa
(from 1/01/2025)