CAULFIELD SOUTH VIC
The Huntly Suites form part of Calvary’s new development in Victoria, Calvary Kooyong Precinct, a new retirement living, health and residential care complex.
Aged care services at Calvary Huntly Suites include both permanent aged care and residential respite care options, with nursing staff operating 24 x 7 and visits from specialists to support all residents aged care needs.
Calvary has been caring for the Melbourne community for 80 years and is continuing source of healing, hope and nurturing to the residents that they serve. Calvary promises to provide care with dignity and to improve the health and well-being of every resident.
Each Suite, along with a range of indoor and outdoor spaces, provides a place to live, with the benefits of 24-hour care. From landscaped gardens to well designed communal dining, lounges and library, this is an aged care home of comfort and convenience
476 Kooyong Rd Caulfield South VIC 3162
Residents: ... Rooms
Type: Commonwealth Regulated and Subsidised
The Maximum Permissible Interest Rate (MPIR) has increased to 8.38% pa from
For a Refundable Accommodation Deposit (RAD) of $550,000 the equivalent Daily Accommodation Payment (DAP) increases to $126.27 pd ($46,090 pa).
The Reserve Bank increased the cash rate again in November 2023, which has a flow-on impact to the MPIR. This is now the highest MPIR since January 2012 and more than double the MPIR that applied just a little over one year ago.
Also the refurbished Daily Accommodation Contribution (DAC) rate of $66.94 pd means an equivalent Refundable Accommodation Contribution (RAC) of $291,564. 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 residents if they have exceeded their 40% supported ratio, as the RAC has now dropped below $300,000.
The MPIR increase to 8.38% will have a major impact on residents as they enter an aged care home from