Tag: reverse mortgage loan


Nursing Home Fees Up? New Aged Care Laws Hit Sydney Residents

Nursing Home Fees Up? New Aged Care Laws Hit Sydney Residents

From today (1 July 2014) the aged care system in Australia undergoes massive change. The Living Better, Living Longer Aged Care reforms become law, after five years of industry & community consultations. Two federal governments, three Prime Ministers and countless reviews later the moment has arrived. How will it affect you? We make some predictions below with our post Nursing Home Fees Up? New Aged Care Laws...

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What is an Accommodation Bond and How Do You Pay for Aged Care?

What is an Accommodation Bond and How Do You Pay for Aged Care?

Mum or dad are fine one day, then suddenly they’re in hospital and your local ACAT (aged care assessment team) are saying they need permanent residential care in a hostel or nursing home. It can be quite a shock. Especially when you’re confronted with the costs. One of the first questions many families ask when an elderly relative is assessed is: what is an accommodation bond...

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