NursingHomes.com.au
Aged Care Placement Services
WEST ALBURY NSW
Allity Pty Ltd
Riverwood Hostel - 990 Padman Drive WEST ALBURY NSW 2640
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 need respite care, convalescent care, or permanent care for a loved one at Riverwood Hostel ?
Are you seaching for a vacancy in an aged care home in WEST ALBURY or close-by ?
NursingHomes.com.au can provide an independent and experienced advice about Riverwood Hostel, including services delivered and financials, and a comparison to other aged care homes in WEST ALBURY.
NursingHomes.com.au is a respected aged care placement service and can help you immediately.
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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.
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)