If you own your own home
If you own the home you lived in before going into care, we may count it as an asset. It depends on who’s living there.
We won’t count it as an asset if either:
- your partner or dependent child is living there
- your carer who can get an income support payment, has been living there for at least 2 years
- a close relative who can get an income support payment, has been living there for at least 5 years.
If this person moves out, your home may start to count as an asset.
Find out how we value your former home on the My Aged Care website.
Page last updated: 11 July 2019
This information was printed 6 July 2020 from https://www.servicesaustralia.gov.au/individuals/topics/calculating-your-costs-residential-aged-care/51290/if-you-own-your-own-home. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.