Accomodation costs
Living at Lynden incurs a Basic Daily Fee. This fee is payable by all residents and is indexed by the Commonwealth Government.
Some residents will also pay a Means Tested Fee based on their income and assets. This fee is capped at the means tested amount or the cost of your care, or $34,174.16 per annum, whichever is less. A lifetime cap of $82,018.15 applies. The fee is reviewed each quarter by the Commonwealth Government and collected by Lynden Aged Care on their behalf.
Residents can choose to make their accommodation payment in one of the three ways:
- A) Refundable Accommodation Deposit (RAD).
Pay the room price in full as a lump sum amount. The RAD is fully refundable when you leave and you can also choose to have any of your fees and charges deducted from your RAD.
- B) Daily Accommodation Payment (DAP).
Pay a daily interest equivalent amount added to your monthly fees. (See examples below)
- C) Combination of RAD and DAP.
Pay any portion of the RAD lump sum amount and pay the remaining balance as a DAP equivalent. (See examples below)
You can elect to pay the DAP as an additional fee each month, or to have it deducted from a RAD lump sum if you are making a combination payment. If deducted from the RAD lump sum, you will be levied an additional interest charge.
Any Accommodation Payment is due at the date of admission. Should you choose to pay the RAD after admission, you will be charged interest on any unpaid amount. The interest rate as of 1 October 2024 is 8.38% per annum. The DAP is calculated using the same interest rate.
Our maximum RADS range from $550,000 to $1,100,000, depending on the room type. Please click below to view our current accommodation pricing.