Riverview Lutheran Rest Home Inc is committed to providing quality residential care and services for aged and disabled people.

The Australian Government provides subsidies for a range of aged care costs, with all Australians expected to contribute towards the cost of their care if they are able to do so. The subsidy system is also structured to ensure that all Australians, regardless of their means are able to access the care they require regardless of their financial situation.

Residential Aged Care fees you may need to pay some or all of these fees:

1. a basic daily fee (85% of the single person rate of the basic age pension currently $65.55 or $917.70 per fortnight)
2. hotelling contribution (1 November fee arrangements)
3. non-clinical care contribution (1 November fee arrangements)
4. accommodation costs 
5. higher everyday living fee (1 November fee arrangement, additional goods and and services)

If entering aged care, prospective new residents should complete an income and assets assessment with Services Australia, which will be used to determine if you are eligible to receive assistance with your accommodation costs from the Australian Government and if you need to pay a hotelling contribution.

If you do not complete an income and assets assessment, you will not be eligible for any Australian Government assistance towards your care or accommodation costs.

Here at Riverview, we have a range of accommodation styles in our Edwards Residential Aged Care wing, with rooms priced at $330,000, $370,000, $400,000 and $450,000. All rooms in our new Traeger Memory Support Unit are priced at $400,000. These prices are the maximum accommodation charges a resident could expect to pay at Riverview. 

As of the 1 November 2025 if you first enter permanent residential aged care the new arrangement will apply. These Include:

• Refundable deposit retention-if you pay a lump sum (Refundable Accommodation Deposit RAD) or (Refundable Accommodation Contribution RAC) on entry Riverview keeps 2% of your sum per year. This amount is not refunded when you leave. After 5 years in care, no further retention amounts will be deducted.
• Daily accommodation payment (DAP) indexing-if you pay by DAP, this amount will increase due to indexation on 20 March and 20 September each year. Indexation does not apply to DACs paid by residents eligible for government assistance with accommodation costs.

The amount you can be asked to pay for your accommodation is based on your income and assets, and will be one of the following:

• No accommodation costs: if your income and assets are below a certain amount, the Australian Government will pay your accommodation costs.
• An ‘accommodation contribution’: if you need to pay for part of your accommodation, the Australian Government will pay the rest.
• An ‘accommodation payment’: if you need to pay for the full cost of your accommodation.

The Services Australia will advise which applies to you.

If you have been asked to make an accommodation contribution, the amount will be advised by Services Australia and you can choose to pay:

• a lump-sum ‘refundable accommodation contribution’ (RAC)
• rental-style payments called a ‘daily accommodation contribution’ (DAC) or
• a combination of both.

If you do not qualify for Government assistance you can choose to pay:

• a lump-sum ‘refundable accommodation deposit’ (RAD)
• rental-style payments called a ‘daily accommodation payment’ (DAP) or
• a combination of both.

You have 28 days from the day you move into Riverview to decide which payment method you prefer.
You must pay your accommodation costs by the rental-style payment method until you decide on how you want to pay for your accommodation.

Example: 

The Australian Government adjusts the interest rate on which these figures have been calculated every three months.
The Daily Accommodation Payment figures quoted in this example have been calculated using a rate of 7.61% and are valid until 31st December 2025.

I am interested in living here, what do I do next?

Contact us NOW to make a time to find out more..

Ph: 08 8584 7370 | enquiries(at)riverviewresthome.com.au