Depending on your income and assets you may be asked to pay an accommodation payment. Some people will have their accommodation costs met in full or in part by the Australian Government, while others may have to pay the charge themselves.
Your accommodation costs can be paid either as a:
Lump-sum payment: also known as ‘refundable accommodation deposit’ (RAD). This works like an interest-free loan and you’ll be refunded the balance of your deposit once you leave the village.
Rental-type contribution: also known as ‘daily accommodation payment’ (DAP). This works like a periodic payment based on a daily interest rate. This fee is paid fortnightly in advance via direct debit.
Combination of both: you can have the option to pay a nominated deposit and pay the outstanding balance in rent. For example, residents can decide to pay a deposit of 10 per cent and the interest rate (rent) on the outstanding 90 per cent.
You also have the option to pay a nominated deposit and pay the balance within six months. Interest is calculated on the unpaid amount and is payable by direct debit on a fortnightly basis.
Details of accommodation payments for each of our homes is included on the relevant Key Features Statement, available on the location page for each home.
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