Senior Moves
Aged Care Placement Services
Mt Eliza Gardens in Mount Eliza
Open Now
Mt Eliza Gardens is now open and provides the local mornington peninsula community with a premium aged care home offering quality accommodation and care services.
Aged care services at Mt Eliza Gardens includes 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.
The owners/managers of Mt Eliza Gardens have been been caring for the Melbourne community for 60 years and they are a continuing source of healing, hope and nurturing to the residents that they serve. Mt Eliza Gardens provides care with dignity to improve the health and well-being of every resident.
Each room at Mt Eliza Gardens, along with a wide range of indoor and outdoor spaces, provides a place to live, with all 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.
Mt Eliza Gardens is owned and managed by the Australian Aged Care Group (AACG) which is a boutique residential aged care provider with aged care homes in metro and regional Victoria. AACG is family-owned and operated by 2nd and 3rd generation family members who have been delivering aged care for more than 60 years.
235 Canadian Bay Road, Mount Eliza, Vic, 3930
Residents: 150 Rooms
Type: Commonwealth Regulated and Subsidised
Provider: Australian Aged Care Group (AACG)
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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