Any capital purchase, such as a house, will reduce your assets. This is because a house in which you live is exempt from the income and assets test.

Not sure what this is? See more in our section on Dealing with Centrelink – Income and assets tests.

This means that, if the Senior Master gives approval for you to buy a property from your funds in Court, your Centrelink allowances may change. This is because you will have less money to be counted in the income test.