Max Refundable Accommodation Deposit (RAD)
Single Room with Own En suite = $300,000
Max Daily Accommodation Payment (DAP)
Single Room with Own En suite = $47.42/ day
Explanation of Payment Options
Residents can choose to pay for their accommodation by a refundable deposit, a daily payment, or a combination of both.
A refundable deposit is paid as a lump sum amount. A daily payment accrues daily and is paid periodically, for example monthly. A combination payment includes both a partial lump sum and daily payments.
Example of Combination Payment
Single Room with Own En suite If 50% of the RAD ($150,000) is paid as a lump sum, then the DAP = $ 23.71/ day