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 WealthThe Australian Financial Review MagazineThe top whisky you can buy without going on a waiting listMax AllenThe luxury travel trend you probably haven’t consideredThe restaurant that’s turning back the clock (in the best way)BOSS Financial ReviewForget WFH – what it’s really like to ‘work from anywhere’Rachael BoltonThe US governance model taking over Australian boardroomsThis CEO wakes at 5am, but doesn’t get in to work till 10amLife & LeisureOne of Australia’s most loved authors reveals her weekend ritualsLucy DeanRoom service for your bedroom and Blue Crush-inspired fashionJewels that cost millions – and the clients who buy themRich ListBillionaires Escalante and Arnaout taking liberties with ASICPrimrose RiordanCinema giant flags part-sale of Sydney’s George Street complexAnnie Cannon-Brookes steps out on her own
