WealthPersonal FinanceAged carePrint articleOpinionRooms in aged care now cost $800 a weekThose who can’t afford the full accommodation deposit need to watch out for an 8.35pc sting in the tail.Bina BrownContributorAug 9, 2024 – 5.00amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginResidents 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.Loading...Bina Brown is a director of Canberra-based aged care solutions company Third Age Matters. Email Bina at bina@thirdagematters.com.auSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreAged careOpinionSmart InvestorRetirement livingAFR WeekendLatest In Personal financeFetching latest articlesMost Viewed In Wealth
