History of
Maximum Permissible Interest Rate (MPIR)

Aged Care Fees and Charges

Maximum Permissible Interest Rate (MPIR)

Complete History of MPIR from 2006 to current

The Maximum Permissible Interest Rate (MPIR) was trending lower for many years.

However, the recent uplift in Interest Rates by the Reserve Bank in Australia have seen the MPIR increasing dramatically - this increase can have a major impact on residents as they are entering an aged care home. If you would like to talk to an experienced residential care consultant please contact us.

Given such a high growth in the MPIR, this also means that concessional (supported) clients are becoming less attractive financially. The increase in the MPIR means the equivalent Refundable Accommodation Contribution (RAC) will decrease to around $300,000 meaning that RAD paying clients are seen to be more "commercially attractive" and some facilities may even re-think targeting the concessional ratio of 40% and instead ensuring they meet a lower minimum concessional ratio requirement.


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Maximum Permissible Interest Rate (MPIR)

MPIR | 2018 to Current

Period MPIR
1/01/2025 to 01/03/20258.42%
1/10/2024 to 31/12/20248.38%
1/07/2024 to 30/09/20248.36%
1/04/2024 to 30/06/20248.34%
1/01/2024 to 31/03/20248.38%
1/10/2023 to 31/12/20238.15%
1/07/2023 to 30/09/20237.90%
1/04/2023 to 30/06/20237.46%
1/01/2023 to 31/03/20237.06%
1/10/2022 to 31/12/20226.31%
1/07/2022 to 30/09/20225.00%
1/04/2022 to 30/06/20224.07%
1/01/2022 to 31/03/20224.04%
1/10/2021 to 31/12/20214.01%
1/07/2021 to 30/09/20214.04%
1/04/2021 to 30/06/20214.01%
1/01/2021 to 31/03/20214.02%
1/07/2020 to 31/12/20204.10%
1/04/2020 to 30/6/20204.89%
1/01/2020 to 31/3/20204.91%
1/10/2019 to 31/12/20194.98%
1/08/2019 to 30/9/20195.54%
1/07/2019 to 31/7/20195.54%
1/04/2019 to 30/6/20195.96%
1/01/2019 to 31/03/20195.94%
1/10/2018 to 31/12/20185.96%
1/07/2018 to 30/09/20185.96%
1/04/2018 to 30/06/20185.77%
1/01/2018 to 31/03/20185.72%

MPIR | 2012 to 2017

Period MPIR
1/10/2017 to 31/12/20175.70%
1/07/2017 to 30/09/20175.73%
1/04/2017 to 30/06/20175.78%
1/01/2017 to 31/03/20175.76%
1/10/2016 to 31/12/20165.76%
1/07/2016 to 30/09/20166.01%
1/04/2016 to 30/06/20166.28%
1/01/2016 to 31/03/20166.22%
1/10/2015 to 31/12/20156.14%
1/07/2015 to 30/09/20156.15%
1/04/2015 to 30/06/20156.36%
1/01/2015 to 31/03/20156.75%
1/10/2014 to 31/12/20146.63%
1/07/2014 to 30/09/20146.69%
1/04/2014 to 30/06/20146.63%
1/01/2014 to 31/03/20146.59%
1/12/2013 to 31/12/20136.60%
1/10/2013 to 30/11/20136.60%
1/07/2013 to 30/09/20136.82%
1/04/2013 to 30/06/20136.95%
1/01/2013 to 31/03/20137.24%
1/10/2012 to 31/12/20127.62%
1/07/2012 to 30/09/20127.66%
1/04/2012 to 30/06/20128.37%
1/01/2012 to 31/03/20128.62%

MPIR | 2006 to 2011

Period MPIR
1/10/2011 to 31/12/20118.86%
1/07/2011 to 30/09/20119.00%
1/04/2011 to 30/06/20118.92%
1/01/2011 to 31/03/20119.02%
1/10/2010 to 31/12/20108.74%
1/07/2010 to 30/09/20108.80%
1/04/2010 to 30/06/20108.16%
1/01/2010 to 31/03/20107.95%
1/10/2009 to 31/12/20097.30%
1/07/2009 to 30/09/20097.13%
1/04/2009 to 30/06/20097.16%
1/01/2009 to 31/03/20098.76%
17/11/2008 to 31/12/200811.31%
1/10/2008 to 16/11/200811.31%
1/07/2008 to 30/09/200811.75%
1/04/2008 to 30/06/200811.69%
1/01/2008 to 31/03/200811.15%
1/10/2007 to 31/12/200710.75%
1/07/2007 to 30/09/200710.37%
1/04/2007 to 30/06/200710.37%
1/01/2007 to 31/03/200710.37%
1/10/2006 to 31/12/200610.19%
1/07/2006 to 30/09/20069.87%