Centrelink for landlords

Discussion in 'Investment Strategy' started by Acidaus, 30th Mar, 2020.

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  1. Acidaus

    Acidaus Member

    Joined:
    29th Mar, 2020
    Posts:
    13
    Location:
    Geelong
    Say your only income is from your investment property which is now drastically reduced due to tenant being unable to pay or decrease in rent.

    Given assets are not included now in Centrelink's decision on Jobseeker, does that mean any income derived from your property is not included too? Is that going to be considered income for purposes of Centrelink in this situation?

    Therefore, is anyone who's had their income reduced in this way planning to apply for any centrelink payments?
     
  2. Omnidragon

    Omnidragon Well-Known Member

    Joined:
    17th Oct, 2015
    Posts:
    1,693
    Location:
    Victoria
    There’s no asset test for Centrelink?
     
  3. Rose89

    Rose89 Well-Known Member

    Joined:
    16th Mar, 2018
    Posts:
    49
    Location:
    Nsw
    The asset test is being waived temporarily, income tests still apply. So you have to earn less than 48000 so $1086.50 a fortnight. They are thing about rising it to 75000, but hasn’t been confirmed yet.