New Aged Care Home
Arcare Ringwood
Arcare Ringwood
Opening Early 2025
Arcare Ringwood is expected to open in Early 2025
Arcare Ringwood will be a beautiful new aged care home located at 313 - 317 Canterbury Road Ringwood 3134.
Arcare Ringwood Expected Features
- Well-sized and appointed rooms
- All single rooms with private ensuites
- Commonwealth subsidised through AN-ACC
- 24/7 Registered Nurses and supporting Personal Care staff
- Secure garden setting for your loved one's privacy and safety
- Boutique hairdressing salon
- Well appointed cinema room
- Physiotherapy room
- Day Spa room
- Private Dining Facilities for those special occasions
- Beautiful landscape courtyards and garden settings
- alfresco areas
- Well stocked Library
Arcare Ringwood overlooks adjacent parklands. The picturesque setting will provide a serene and tranquil environment for all residents. The location offers convenient access to shopping precincts, parks and medical facilities, ensuring that residents have everything they need within reach.
Expected Care Services
- 24 Hour Nursing Care
- Dietician
- Diversional Therapy
- Physiotherapy
- Speech Pathology
- Palliative Care
- Choice of Doctor
- Wound Specialist
- Audiology
- Pathology
- Podiatry
- Pharmacy
- Occupational Therapist
Location
313 Canterbury Road Ringwood 3134
Residents: TBA
Type: Commonwealth Regulated and Subsidised
Provider: Arcare
RAD/DAP Conversion
Select RAD Amount: $
| % |
Lump Sum RAD Paid : $
DAP :$20.20 per day
Interest rate (MPIR) is: 8.34%pa
(effective 1st April 2024)
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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