NursingHomes.com.au
Nursing Homes Advice and Placement
SUNBURY VIC
Allity Pty Ltd
Riddell Gardens Hostel - 10 Spavin Drive SUNBURY VIC 3429
10 Spavin Drive , SUNBURY , 3429, VIC
Beds: 72
Category: Private Incorporated Body
Provider: Allity Pty Ltd
Riddell Gardens Hostel
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency
Do you need respite care, convalescent care, or permanent care for a loved one at Riddell Gardens Hostel ?
Are you seaching for a vacancy in an aged care home in SUNBURY or close-by ?
NursingHomes.com.au can provide an independent and experienced advice about Riddell Gardens Hostel, including services delivered and financials, and a comparison to other aged care homes in SUNBURY.
NursingHomes.com.au is a respected aged care placement service and can help you immediately.
Need more information - Contact Us
Nestled in and around a natural setting abundant with flora and fauna, Riddell Gardens in Sunbury has an atmosphere of traditional country charm. Residents can relax and enjoy the peaceful enclosed courtyard surborder-radius:30px; by age old gum trees.
Family and friends are an integral part of the Home’s special community and are actively encouraged to participate in activities, events and celebrations or drop in for lunch or dinner. Dining is a special time for Residents with nutritious and tasty meals prepared daily by the head chef and the hospitality team. These are just some of life’s pleasures which are strongly promoted to support a lifestyle philosophy in making every day the best it can be for the Residents.
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 ...
Need to discuss aged care fees? Contact Us
Select RAD Amount: $
% |
Lump Sum of RAD Paid : $
DAP :$20.20 pd
Interest rate (MPIR) is: 8.34%pa
(effective 1/04/2024)