Maximum permissible interest rate (MPIR) for aged care accommodation

8.51%a year

Applies from 1 October 2026
Source: Department of Health, Disability and Ageing
Last verified 11 October 2026

Value: 8.51% a year
Unit: Per cent per year
Applies from: 1 October 2026
Reset cycle: The official figure is reviewed on 1 January, 1 April, 1 July and 1 October each year.
Official source: Department of Health, Disability and Ageing: Schedule of Fees and Charges for Residential Care
Last verified: 11 October 2026, against the official source.

About this figure

Used to work out a daily accommodation payment from an agreed room price. The department's schedule from 20 September 2026 gives this rate for 1 October 2026 to 31 December 2026. My Aged Care says the rate is updated quarterly, and that the rate applying to a resident is fixed when they agree a room price or enter care.

Change history

Values for this figure, newest first.
Applied from	Value and source
1 October 2026	8.51% a yearcurrentSource: Department of Health, Disability and Ageing: Schedule of Fees and Charges for Residential Care
1 July 2026	8.43% a yearSource: Department of Health, Disability and Ageing: Schedule of Fees and Charges for Residential CareListed for 1 July 2026 to 30 September 2026.
1 April 2026	7.96% a yearSource: Department of Health, Disability and Ageing: Schedule of Fees and Charges for Residential CareListed for 1 April 2026 to 30 June 2026 in the schedule from 20 March 2026.

This figure as JSON

{
  "id": "mpir",
  "value": 8.51,
  "unit": "percent_per_year",
  "effective_from": "2026-10-01",
  "effective_from_basis": "value",
  "resets": "1_january_1_april_1_july_1_october",
  "source": {
    "publisher": "Department of Health, Disability and Ageing",
    "title": "Schedule of Fees and Charges for Residential Care"
  },
  "verification": {
    "status": "verified_primary",
    "checked_on": "2026-10-11"
  }
}

Also in /api/figures.json. Full record: /api/v2/figures/mpir.json