'Nailing granny to the floor': call to unlock $1 trillion in housing wealth White paper by Actuaries institute to assist elderly convert their assets to income. http://actuaries.asn.au/Library/Miscellaneous/2016/AIHOUSINGGPwebLres.pdf The impact these changes can have on the property market is significant and as stated in the paper ibid " Compared with almost $1 trillion of unencumbered retiree housing wealth at end 2014 the size of reverse mortgage debt was $3.7bn, there is clearly potential for housing wealth to play a greater role in retirement funding" Elderly home ownership is a vexatious issue with two convincing counter arguments: Should tax payer pay (increasingly unsustainable) pension to retirees with million dollar plus residences. PPOR is a necessity earned by elderly over their lifetimes and not a speculative instrument. Hence it should be excluded from the assets test. The government has started tightening the assets test for pension with increased taper rates (from $1.5 to $3 per $1000 above threshold) from 2017. Social Security Assets Test – rebalance assets test thresholds and taper rate - Budget 2015-16 - Australian Government Department of Human Services One more gloom and doom factor for property in 2017. Budget would be interesting with regard to consideration of PPoR in assets test. Edit: Erroneously stated as Green Paper in the OP.