I'd like to use my Grandma's property as security to acquire other real estate. Due to her age, no bank will allow this to happen. She is leaving the property to me in her will, and has offered to transfer the property into my name now, however this will be classed as a gift and will eliminate her pension for five years (property is worth approx $350k). I will have to pay stamp duty, and am happy to do so. I could also "purchase" the property for a sum of $350k, with the vendor (Grandma) "lending" me the money. The deemed interest rate on the loan will mean her pension is cut by $2300 a year, which I'm happy to fund. This "loan" may also affect her ability to get into aged care if and when the time comes? On the Centrelink website, they mention a Granny Flat Interest that doesn't affect pensions. However, when I spoke to Titles Office, they said a Granny Flat Interest does not constitute valid consideration for a transfer. Argh! (Granny flat right or interest - Australian Government Department of Human Services) Any other possible solutions?