Senior Moves
Aged Care Placement Services
Huntly Suites (Calvary) in Caulfield South
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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
Dollars to Care is the Australian Government's groundbreaking analysis tool designed to bring financial transparency to the aged care sector.
476 Kooyong Rd Caulfield South VIC 3162
Residents: ... Rooms
Type: Commonwealth Regulated and Subsidised
Provider: Calvary
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)
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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