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Menu
  • HOME
  • ABOUT
    • WHAT WE DO
    • OUR PHILOSOPHY
    • MEET THE TEAM
    • Bequests & donations
    • Moving into aged care
    • PHOTO GALLERY
  • SERVICES
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    • Latest News & Updates
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(03) 5581 1211
Public Notices
May 20th, 2021
download Public Notices
About Edgarley
What We Do
Our Philosophy
Bequest & Donations
Meet the Team
Message a Resident
News & Updates
Contact Us
Our Services
Residential Aged Care
Independent Living
Respite Care Services
Palliative Care
Ageing in Place
Application for Residency
Fees & Funding
Get In Touch
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(03) 5581 1211

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office@edgarley.com.au

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73 Jackson Street, Casterton,VIC, 3311

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Daily accommodation payment (DAP)

How does the calculation work?

EXAMPLE 1

If your room price is $500,000, your DAP will be worked out as follows:

Room Price × MPIR* / 365 Days
$500,000 × 6.31% / 365 Days
$86.44 per day

EXAMPLE 2

Lump Sum Paid (RAC)

Room Price − RAC Paid × (MPIR) / 365
$500,000 − $200,000 × (6.31%) / 365
= ($300,000 × 6.31%) / 365
= $51.86

Note: The MPIR used in this example (6.31%) is current as at 1 October 2022.

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One of our team members will be in touch.
Refundable Accommodation Deposit (RAD)

If you choose to pay an amount as a lump sum, the balance is refunded when you leave the aged care home. Any amounts that you have drawn down from the lump sum to pay other aged care costs will not be refunded.

Paying a lump sum will reduce your Daily Accommodation Payment.