What If I Keep My Home? – Centrelink Rules
If you keep your home, it is automatically exempt from the DHS/DVA Assets test for two years after you enter a residential aged careservice. After two years, your pension will normally be re-assessed under the ‘non-homeowners assets test’, with the value of your home included as an asset.
The best option will vary from person to person depending on your financial circumstances. We strongly recommend you seek independent financial advice on what is right for your circumstances.