Returning to Australia to live

[waynester59]

Hello everybody!
I wonder if anyone can help?  I am returning back to Australia to live.  I am in the UK but am coming into my twilight years and I want to be around family.  I have a home in the UK, which is currently on the market, but things are not very active here, I haven't had one offer yet.
I am intending to apply for DSP on returning to Oz.  My question is, although it isn't possible for me to live in my house in the UK can this still be counted as me being a home owner and it's value exempted until I manage to sell the property?
I have noticed that capital from the actual sale of a property can be disregarded for up to two years if it is earmarked towards the purchase of a new home.
I will be reliant on family to put me up until I can get my own place.  I will definitely need my own place so the sale is crucial.
thanks in advance.

[bear]

  to the forum waynester59. That's a curly question that I can't answer.

I thought it may have been one for Centrelink's Financial Information Services, but calling from overseas may not be the most economical way to source information.

www.servicesaustralia.gov.au/how-to-contact-financial-information-service?context=21836#a1

Hopefully someone will know. In the meantime this link is general information for Aussies returning home that you may not be aware of. Cheers 🐻

mgdwealth.com.au/what-every-expat-needs-to-know-before-returning-to-or-retiring-in-australia/

[waynester59]

Thanks Bear, Happy Anzac day!
I have found a UK toll free number that goes to centrelink. If I can get to a FISO through the switchboard I will give it a go
United Kingdom
0800 1695 865

[waynester59]

I rang centrelink. They said there will be no grace period, the house will be considered an asset. grrr!

[bear]

Apr 26, 2024 5:22:08 GMT 7 waynester59 said:

I rang centrelink. They said there will be no grace period, the house will be considered an asset. grrr!

If you haven't already seen the asset threshold and cut off points for DSP & jobseeker payment waynester59 , the numbers are in the links. Cheers 🐻

www.servicesaustralia.gov.au/assets-test-for-disability-support-pension?context=22276

www.servicesaustralia.gov.au/income-and-assets-tests-for-jobseeker-payment?context=51411

[Denis-NFA]

waynester59

You mentioned that you have your UK home listed for sale but no responses.

Is it feasible to advertise it in an overseas UK expat community?