Q&A: Is my home counted as an asset?
Hi, it’s Greg from Retirement Essentials, your helping hand when applying for the age pension. Generally speaking your home is exempt from the assets test. There are some exceptions for example if you have a very large or income producing property. If you are travelling and your home is not occupied it will continue to be assessed as your home for a period of up to twelve months, but you need to let centrelink know. If you are renting out your house it will be treated as an investment property. Please leave all questions in the “Comments” section.