Skip to main content RSS Info Close Search Facebook Twitter
Location
Category
Providers / Vacancies
Feedback

Increase in accommodation bonds

<p>Senator Santoro</p>

Senator Santoro

The Minister for Ageing, Senator Santoro has told delegates at the Aged Care Association of Australia’s National Conference that the Government is “carefully monitoring the increase in bonds that is occurring”.

He said the average accommodation bond in low care for a new resident in 2005-06 was $141,654, compared with $127,618 in the previous year – an increase of 11% in a year.

The Minister observed that this was ‘way more than inflation’ and queried whether residents, some of whom were now paying very large bonds were getting value for money.

“I hope so, but obviously where supply is capped but price is not, it is difficult to assume that value is the order of the day,” he commented.

Share this article

Read next

Subscribe

Subscribe to our Talking Aged Care newsletter to get our latest articles, delivered straight to your inbox
  1. Eighty years after getting married, this couple lives together...
  2. Who says your age should limit your dreams?
  3. Data from a recently released report highlights a concerning...
  4. With an ageing and growing population, data from the...
  5. Approximately 411,000 Australians are estimated to be living...
  6. How could you benefit from attending university as an older...

Recent articles

  1. Are there options for older Australians to live in the same...
  2. The new initiative brings older Aussies together to see the...
  3. A collaboration between Dementia Australia and VistaPrint...
  4. How can you look after yourself during the expected heatwaves...
  5. How is an interactive app being used in aged care settings to...
  6. How could the upcoming strengthening of super standards save...
  7. Brother Thomas Oliver Pickett, a Western Australian volunteer,...
  8. Why is an illegal website targeting older Australians?
  9. Eighty years after getting married, this couple lives together...
  10. How does heart health impact your risk of dementia?
  11. Instead of going to the hospital, could older Australians...
  12. Recent data indicates changes in the current COVID-19...
  1. {{ result.posted_at | timeago }}

Sorry, no results were found
Perhaps you misspelled your search query, or need to try using broader search terms.
Please type a topic to search
Some frequently searched topics are "dementia", "elderly" etc
Close