Pensioner concessions to free up housing

Pensioner concessions to free up housing

Pensioners are being given further concessions to encourage them to downsize and free up housing stock for younger families looking to buy. The new federal laws reduce the impact selling a house has on the payments pensioners and other welfare recipients receive. The current 12-month asset exemption test for the amount of money from the house sale that will go towards the new home will be doubled to two years from January 1. The changes will give people more time …