Faversham House in CANTERBURY VIC

Aged Care Home Directory

Faversham House

Location

27 Shierlaw AVENUE CANTERBURY VIC 3126

Beds: 185

Community Based

Service Provider: Boroondara Aged Services Society

Accreditation Report

MPIR increased to 8.42% from 1st January 2025

The Maximum Permissible Interest Rate (MPIR) increased to 8.42% effective from January 1st 2025.

As facilities proceed to increase RAD’s, the lesser profitability of a concessional resident will result in a clear preference for RAD paying residents.

The effective Refundable Accommodation Contribution (RAC) on a refurbished aged care home, above the 40% concessional ratio, will be $302,671 from 1st January 2025, which will put pressure on those looking to find a concessional placement given average RAD’s are now much higher than this amount.

More about RAD, DAP & MPIR ...

Are you considering a placement at Faversham House?

Do you need to find respite or permanent placement at Faversham House or another aged care home in the CANTERBURY area?

Reduce Your Stress

We have helped many families through this difficult time and have detailed knowledge and experience to help you with this important decision about Faversham House.

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.

Application, Admission Forms and Negotiating the Accommodation Fees at Faversham House

Providing you with unbiased advice about Faversham House and other aged care homes nearby to CANTERBURY.

Negotiating RAD's and additional service fees to achieve the best financial arrangement for your family.

Explaining strengths and weaknesses of different homes near CANTERBURY - using our proven checklist to guide your decisions.

Matching appropriate homes to your family requirements, preferences and timetable

Arranging facility tours to Faversham House and providing support

Completing the important Centrelink forms ie. SA457 or SA485 Asset and Income Assessment form

Accurately completing and lodging the application and admission paperwork for Faversham House

Be first to hear abour vacancies - prompt notification and response to current vacancies at Faversham House through our established and trusted relationship with admission coordinators

Provide advocacy and support during the settling-in period and after the placement has been completed

RAD to DAP Conversion

First select the RAD Amount that has been agreed to:

Agreed RAD: $

Use the slider to see how your daily accommodation payment (DAP) will change depending on the lump sum component of the RAD paid. The daily payment is based on the current maximum permissible interest rate (MPIR) of 8.42%.

Lump Sum Paid: $

DAP :$20.20 pd

Interest rate (MPIR) is: 8.42%pa
(from 1/01/2025)