House value assessment

The most recent government valuation of a property is taken into account for the purposes of a financial means assessment. Valuation updates vary nationally depending on the Territorial Local Authority, but are generally every few years.

If a person qualifies for government funding (the residential care subsidy) then their house, along with their other assets, will not be asset tested again, unless their circumstances change.

For more information go to the Residential care questions and answers page.

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