Sale of family home to re-purchase

When a client has sold their house and intends to purchase a new home that will be the principal place of residence of the client's partner or dependent child, the proceeds from the sale are included as an asset in the means assessment of assets.

If the client is not financially eligible for a Residential Care Subsidy, the client may apply for a review of their financial means assessment once a new home has been purchased.

If the client's house is sold after the financial means assessment is completed, there is no automatic review of the means assessment of assets. However, the means assessment of assets may be reviewed if:

• the client applies for a review or
• the partner's circumstances have changed, for example the partner has died, or becomes a resident assessed as requiring care, or their marital/relationship status has changed