Navigating Homeownership on Centrelink: A Practical Guide


Can You Buy a House on Centrelink?

Purchasing a home is a significant milestone, but what if you’re relying on Centrelink payments as part of your income? Is it feasible to secure a home loan under these circumstances? Let’s explore the nuances and considerations involved.

Understanding Centrelink Home Loans

Firstly, there isn’t a specific “Centrelink home loan.” Instead, this term refers to loans where lenders recognize Centrelink benefits as a valid form of income. If you’re receiving Centrelink payments, you can indeed apply for a home loan. However, several factors come into play:

  1. Lender Criteria: When applying for a home loan, lenders assess your ability to repay it. They consider your income sources, expenses, and risk factors. Some lenders accept Centrelink payments as part of the income equation, while others do not.
  2. Income Sources: If you’re applying jointly with someone who has stable income (like a full-time job), or if you have other income streams (such as investments or part-time work), your chances of loan approval improve. These additional income sources mitigate the risk of repayment difficulties.
  3. Centrelink Benefits: Various Centrelink benefits may be considered as income by lenders. The Age Pension and Family Tax Benefits are usually accepted, especially when combined with other income streams.

Key Considerations

Here are some essential points to keep in mind:

  1. Affordability: Lenders evaluate whether you can afford the loan. They consider both current and potential future repayments (in case interest rates rise). Demonstrating affordability is crucial.
  2. Deposit: If you have a small deposit, you might incur lenders mortgage insurance, which adds to the overall cost of the loan.
  3. Loan Options: While you can apply for a home loan on Centrelink, your options may be limited to specific lenders. Seek out loans that accommodate Centrelink payments as income.

Seek Professional Advice

Navigating the complexities of Centrelink home loans requires expert guidance. Consider consulting a mortgage broker who specializes in these scenarios. They can help you find suitable finance solutions tailored to your unique circumstances.

Remember that homeownership is achievable even if you’re receiving Centrelink benefits. Research your options, seek professional advice, and take steps toward securing your dream home! 🏡


  1. Canstar – Centrelink Home Loans – Are You Eligible?
  2. Rapid Finance – Getting a Home Loan on Centrelink Benefits
  3. Finder – On Centrelink and Need a Home Loan? Read This First
Author: Mr.Oz

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