Private Rest Home Level Care – Studios
All Studios are owned by residents via an Occupation Right Agreement. The purchase price of a studio is approximately $220,000 without a bay window and up to $230,000 with a bay window.
We review the cost of studios annually, so the above figures are subject to change.
There is also a daily fee to cover care costs. This includes the provision of three meals a day as well as costs for cleaning, laundry, light nursing care, most activities and more. From 1 July 2020, the daily fee is $166.14 including GST. For private paying residents there is a maximum contribution of $ 1,162.98 per week.
Private Rest Home Level Care
There is a daily fee that covers care costs. The current daily fee is $166.14 including GST per day for private paying residents. For private paying residents there is a maximum contribution of $1,162.98 per week.
The fees are reviewed on an annual basis by the Waitemata District Health Board, therefore these fees are not fixed.
Private Hospital Level Care
There is a daily fee in our Private rest home to cover care costs. The costs this fee covers includes the provision of all meals, cleaning, laundry and light nursing care. The current daily fee is $161.30 including GST for private paying residents. There is a maximum contribution of $1,129.10 per week.
Residential Care Subsidy and Residential Loan Scheme
A Residential Care Subsidy is available to older people who have been assessed as requiring long-term rest home or hospital care. Entitlement to the subsidy is dependent on an income and asset test which is carried out by Work and Income New Zealand.
A Residential Loan Scheme is available to those who do not qualify for the residential care subsidy. People who qualify for the loan scheme generally have little or no income but have an asset that is difficult to realize (generally the family home).
In the past, the loan scheme also applied to people with an Occupational Rights Agreement a studio. However, according to an opinion from Crown Law, this loan scheme was never intended for people holding this type of asset.
Therefore, as of 3 November 2001, people with an Occupational Rights Agreement a studio can no longer qualify for a loan when they run out of private funds to pay their daily fees. In these cases, the Dutch Village Trust will look at alternatives that will help
the resident remains in their studio.