Fees & Charges
Current schedule of
Resident Fees & Charges
There are three key costs
1) Basic daily fee
2) Means tested care fee
3) Accommodation costs
If you wish to understand the charges, daily fees, income testing and accommodation charges please click on the link below.
A bond is now being referred to as a refundable accommodation deposit (RAD).
The current maximum permissible interest rate (MPIR) as of July 01, 2020 is 4.02%, used to calculate payment options.
Residents with assets below $50,500 are concessional residents and a lump sum bond isn’t required.
A combination of smaller Refundable Accommodation Contribution (RAC) supplemented with a Daily Accommodation Contribution (DAC) can also be arranged.
(RAC + DAC) Payment Structure
As an example, if the RAD $350,000 you can pay a smaller RAC of $150,000, and a DAC representing the remaining $200,000 will be paid.
SWIAA Resident costings
Fees & charges
Click here to download the latest fees & charges