KILSYTH VIC
Australian Unity Care Services Pty Ltd
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Walmsley Aged Care is a stunning new aged care home located at 402 Greeves Drive, Kilsyth Vic 3137
Walmsley Aged Care has been redesigned, re-imagined and rebuilt so the local community can continue to receive first-class care and support. Set in a beautiful treed environment, residents will receive the care and support that they require.
Walmsley Aged Care is a 120 room Commonwealth subsidised and regulated aged care home: 84 standard rooms, 18 memory support rooms and 18 deluxe queen rooms.
402 Greeves Drive Kilsyth Vic 3137
Residents: 120 Rooms
Type: Commonwealth Regulated and Subsidised
Provider: Australian Unity
First select the RAD Amount that has been agreed to:
Agreed RAD: $
Use the slider to see how the daily accommodation payment (DAP) will change depending on the lump sum component of the RAD paid. The DAP is based on the current maximum permissible interest rate (MPIR) of 7.78%.
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Lump Sum Paid: $
DAP :$20.20 pd
Interest rate (MPIR) is: 7.78%pa
(from 1/07/2025)
From 1 July 2025, the Maximum Permissible Interest Rate (MPIR) is 7.78%
Since the RAD price approval threshold increased to $750,000 in January 2025, Refundable Accommodation Deposits (RADs) have risen significantly across most aged care homes. For residents, any reduction in the MPIR is a positive change, as it lowers the cost of paying via Daily Accommodation Payments (DAPs).
The Refundable Accommodation Deposit (RAD) will now have a retention of 2% of the paid RAD up to a maximum 10% across 5 years from the date of the first payment. It’s interesting here that it is based on what RAD you have paid. We are expecting that some clients may pay a small/nominal RAD/RAC at entry in order to “kick-start” the 5 year clock. This will limit the total retention fee exposure over a client’s lifetime in care.
The Maximum Permissible Interest Rate (MPIR) which is applied to the unpaid RAD will now be indexed to CPI twice a year (similar to how the Daily Care Fee moves in line with the age pension). This is going to be hard to calculate as there will now be an indexation factor to apply to the original MPIR which will be based on the date in which the client entered care.
More about RAD, DAP & MPIR ...