For many Melbourne families, an investment property isn’t just an asset on a balance sheet. It’s the unit bought in Hawthorn in the 90s. The Camberwell property that helped fund school fees. The long-held investment that was always meant to support retirement – or one day pass to the grandchildren. When aged care becomes necessary, one of the most common questions I …
Aged Care Means Test vs Pension Test… what you need to know if you own a home
Over the years, we have seen an increasing number of people coming to see us only after they have received the dreaded “OMG letter” from Centrelink. What is the “OMG letter?” The OMG letter is the letter that Centrelink and the Department of Veteran’s Affairs (DVA) send out two years after someone moves into aged care, letting them know that …
All You Need To Know: Renting the Family Home To Pay For Aged Care
Renting out the family home is a common consideration for many families when it comes to the cost of aged care, but it’s crucial to grasp all the factors involved to avoid potential pitfalls. This article highlights both the financial and non-financial implications of renting out the family home, helping you make informed decisions. Increased Cash Flow Through Rent The …



