Prices effective from 1 July 2026
Formula Background
Maximum Refundable Accommodation Deposit (RAD) $680,000
amount the resident wishes to pay less the maximum RAD ($680,000) and multiplying this amount by 8.43% then divided by 365. This figure calculates the daily payment amount or DAP.
Examples:
Paid $680,000 then interest payable per day is 0
Paid $0 then interest payable per day is $157.05
i.e. interest is payable on the full amount $680,000 X 0.0843 = $157.05
Paid $300,000 then interest payable per day is $87.76
i.e. interest is payable on the full amount $380,000 X 0.0843 = $87.76
Paid $150,000 then interest payable per day is $122.41
i.e. interest is payable on the full amount $530,000 X 0.0843 = $122.41
