NursingHomes.com.au
Nursing Homes Advice and Placement
RANDWICK NSW
Frenchmans Lodge Nursing Home Pty Limited
SummitCare Randwick - 15 Frenchmans Road RANDWICK NSW 2031
15 Frenchmans Road , RANDWICK , 2031, NSW
Beds: 94
Category: Private Incorporated Body
Provider: Frenchmans Lodge Nursing Home Pty Limited
SummitCare Randwick
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency
Do you need respite care, convalescent care, or permanent care for a loved one at SummitCare Randwick ?
Are you seaching for a vacancy in an aged care home in RANDWICK or close-by ?
NursingHomes.com.au can provide an independent and experienced advice about SummitCare Randwick, including services delivered and financials, and a comparison to other aged care homes in RANDWICK.
NursingHomes.com.au is a respected aged care placement service and can help you immediately.
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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)