Victoria Grange Residential Aged Care Facility
Victoria Grange Residential Aged Care Facility
502 514 Burwood Highway VERMONT SOUTH 3133
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Dollars to Care is the Australian Government's groundbreaking analysis tool designed to bring financial transparency to the aged care sector.
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Situated amongst beautiful gardens and complemented by magnificent Victorian-style architecture, this residence is well suited to those looking for friendship and community.
The highest priority at Victoria Grange is your happiness. Connection, respect and possibility are at the heart of everything that the staff undertakes and they go to great lengths to nurture an atmosphere of care and wellbeing.
Victoria Grange is designed to support your comfort and independence and the trained staff are always on-hand to respond when you need them. It’s all just a part of what we call Australian Unity calls "Better Together".
Testimonial
After a long search we were delighted to have found person-centred, genuine care for Mum. Each person is treated with dignity, kind words and quick responses. The staff are there for the residents and even share mealtimes so there is truly a sense of family yet it is all still professional. Staff are service focused and treasure the residents. The team share news and information and sincerely care. I am so thankful knowing mum is in the best hands.
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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Location
502 514 Burwood Highway , VERMONT SOUTH , 3133, VIC
Residents: 105
Type: Private Incorporated Body
Provider:
Australian Unity Care Services Pty Ltd
Victoria Grange Residential Aged Care Facility
Accreditation Status: Accreditation Report
Source: Aged Care Quality and Safety Agency
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)