Emerald’s Fees & Charges

With Residential Aged Care in Australia, there are four main payment fees applicable
  • Basic Daily Fee – All residents pay a Basic Daily Fee of $53.56 which covers the costs of daily living expenses, such as meals, cleaning, laundry and electricity. This fee is set by the Department of Human Services and reviewed twice a year in March and September, in line with the Aged Pension Rate.

  • Means Tested Care Fee – This is a contribution towards the cost of care that some residents may need to pay. The Department of Human Services will determine the amount of the fee based on an assessment of income and assets. This fee is not retained by Emerald Terrace.

  • Accommodation Payment – Depending on the income and assets assessment, some residents will need to pay an Accommodation Payment.

Calculations based on Current Interest Rate of 4.04% Updated 1/01/2022

ROOM TYPE DESCRIPTION

DAP

(Per Day)

RAD
SHARED Shared accommodation with shared ensuite $33.21 $300,000
STANDARD with Ensuite Private accommodation with private ensuite $44.27 $400,000
SUPERIOR Private accommodation with private ensuite $49.81 $450,000
PREMIUM with View Private accommodation with private ensuite featuring views to garden or similar $55.34 $500,000
Delux MOUNTAIN VIEW Private accommodation with private ensuite featuring sweeping mountain views $60.77 $549,000

 

Residents have the option to pay for their accommodation either as:

  • Refundable Accommodation Deposit (RAD)This is a lump sum deposit which is refunded at the end of residency.

  • Daily Accommodation Payment (DAP) – This payment is the interest payable on any unpaid RAD and calculated into a daily payment. The interest rate is set by the Department of Health at the date of admission. See above for Current Interest rate.

  • A Combination of both RAD and DAPPlease see overleaf for examples.

  • Additional Services – Emerald Terrace have NO ADDITIONAL SERVICE FEES. Optional extras include hairdresser, Foxtel in private rooms and a clothes labelling service if required.

More details Emerald Terrace Templestowe

Emerald Terrace Pricing 2022

Find the home that’s right for you

Shared

$ 300,000
per person

Or Daily Payment $33.21 or a combination

  • Double bedroom (19.49-26m2)
  • Located on ground level
  • Private ensuite (5.47m2)
  • Electric high-low single bed
  • TV and Luxury linen included
  • Ceiling Fan
Enquire Now

Standard

$ 400,000

Or Daily Payment $44.27 or a combination

  • Single bedroom (19.49-22m2)
  • Located on ground level
  • Private ensuite (5.47m2)
  • Electric high-low single bed
  • TV and Luxury linen included
  • Ceiling Fan
Enquire Now

Superior

$ 450,000

Or Daily Payment $49.81 or a combination

  • Single bedroom (19.49-22m2)
  • Located on ground level
  • Private ensuite (5.47m2)
  • Electric high-low single bed
  • TV and Luxury linen included
  • Ceiling Fan
Enquire Now

Superior with View

$ 500,000

Or Daily Payment $55.34 or a combination

  • Single bedroom (19.49-22m2)
  • Located on 1st level and ground
  • Private ensuite (5.47m2)
  • Electric high-low single bed
  • TV and Luxury linen included
  • Split Air Conditioning
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Premium with Balcony

$ 549,000

Or Daily Payment $60.77 or a combination

  • Single bedroom (19.49-22m2)
  • Located on 1st level
  • Private ensuite (5.47m2)
  • Electric high-low single bed
  • TV and Luxury linen included
  • Split Air conditioning
Enquire Now