Pricing options

The Refundable Accommodation Deposit (RAD) for residents choosing to live at John Flynnn House is $650,000 with effect from 1st of June 2019.  

From 1st of July 2020, the maximum Daily Accommodation Payment (DAP) using the RAD of $650,000 and the effective Maximum Permissible Interest Rate of 4.10% is $73.01.

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 monthly (in advance on the 1st day of the month). A combination payment includes both a partial lump sum and daily payment.

For example, a resident who chooses to pay a 50% Refundable Accommodation Payment from 1st of April 2020 would make a lump sum payment of $325,000 and a Daily Accommodation Payment of $36.51.