Opinion
Rooms in aged care now cost $800 a week
Those who can’t afford the full accommodation deposit need to watch out for an 8.35pc sting in the tail.
Bina BrownContributorResidents moving into aged care are not immune from the rental crisis. The average daily rental rate has increased from $55 a day to $114 since June 2021, according to aged care accounting expert StewartBrown.
This is because the maximum permissible interest rate (MPIR) of 8.36 per cent is almost double what it was three years ago.
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