Aged Care Facilities
in Australian Capital Territory

Aged Care Facilities in ACT

Aged Care Facilities in Canberra and Australian Capital Territory




MPIR reducing to 8.34% pa

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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