The West newspaper is reporting that seven of Perth’s aged care facilities are now charging a Refundable Accommodation Deposit (RAD) of $800K or more.
Berrington Aged Care’s new $60M luxury facility in Como, 7km from the CBD, has a maximum RAD of $895,000 for a private room with ensuite and is expected to be full by September.
Their Subiaco facility charges a maximum RAD of $1.25M – the most expensive in Perth – but is full and has a waiting list.
The maximum RAD set by the Aged Care Minister is $550K. To charge more than this, providers must apply to the Aged Care Pricing Commissioner. Currently 13 WA-based operators have approval to exceed the threshold.
But it’s not just WA’s private operators charging top dollar. The article notes that Bethanie, WA’s largest Not For Profit, has an $800K RAD for the platinum room at its Gwelup aged care facility while its 56 premium rooms have a price tag of $700K.