Riverwood Hostel
990 Padman Drive , WEST ALBURY , 2640, NSW
Beds: 29
Category: Private Incorporated Body
Provider: Allity Pty Ltd
Riverwood Hostel
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency
Do you have an elderly loved one who needs respite care, convalescent care or permanent placement at Riverwood Hostel or another aged care facility in the WEST ALBURY area ?
Preferably with an accommodation payment (RAD or DAP), and any additional service fees, that are within your budget ?
Enquire NowWe have been placing residents into residential aged care since 2002, and have detailed knowledge and experience to help you with this important decision about Riverwood Hostel.
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.
Located in West Albury, Riverwood Aged Care is a blend of country comfort with city style. Situated close to the local shopping centres and community services, Residents continue to enjoy the convenience of and access to the town’s activities.
All levels of permanent and respite care are offered in a warm and welcoming environment that encourages independence and lifestyle choices to suit each individual's needs and preferences. A secure place for residents living with dementia, the experienced staff are dedicated to creating an enviroment where they can enjoy their interests and have access to support and care appropriate to specific lifestyle needs.
Riverwood offers spacious single rooms all with private ensuite, kitchenette and access to gardens or an internal courtyard. Residents can relax and enjoy the peace and serenity of intimate sitting areas or enjoy more social time with visitors in a selection of lounge or outdoor spaces.
From 20 September 2024, the following aged care fees will become effective:
The Basic Daily Care Fee increases to $63.57 pd (from $61.96 pd).
The Fully-Supported Asset Threshold increases to $61,500 (from $59,500).
The Non-Supported Asset Threshold increases to $206,039 (from $201,231).
The maximum Daily Accommodation Contribution (DAC) for refurbished / non-refurbished rooms will be $69.49 pd / $45.31 pd respectively.
The effective Refundable Accommodation Contribution (RAC) for a refurbished facility, above the 40 % fully supported ratio, will be $303,395 which will put pressure on persons looking for a fully supported placement, given that the average RAD is now higher than this amount.
The Maximum Permissible Interest Rate (MPIR) has not yet been finalised for 1 October 2024, however recent RBA inaction suggests that the MPIR will remain around the current 8.36% pa.
The Basic Daily Care Fee and some aged care thresholds are indexed to the Age Pension. On the 20 September 2024, the single age pension increases from $1,116.30 fn to $1,144.40 fn. This is based upon recent increases in the cost of living reflected in the Pensioner & Beneficiary Living Cost Index (PBLCI).
Learn about RAD, DAP & MPIR ...
Select RAD Amount: $
% |
Lump Sum of RAD Paid : $
DAP :$20.20 pd
Interest rate (MPIR) is: 8.36%pa
(effective 1/07/2024)