My husbands grandma saves lot of her pension from Centrelink. Her son owns the home she is in and pays the rates but after he small bills and food which isn't alot she saves and wonders why they give her so much money.
I think if you owned you house it may be possible but not an enjoyable lifestyle.
I thought centerlink covered "the basics" ? I can't imagine being able to save for a house and service a loan on those payments alone.
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Sent from my pho....oh who am I kidding. It's rarely used as a phone
I know someone with a few loans one being a home loan on only payments (veteran disability and carers)
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Like others have said - if the 'home loan' isn't much more than a car loan or personal loan, it may be possible... but for the 'average' priced home - getting a loan on centrelink payments alone would be very rare.
I personally cannot. I work part time while studying full time as I don't earn enough other wise.
I'm in a better position then others on PPS though as I still live in the marital home, but do not get child support nor rent assistance.
It is very little money and is very difficult.
I don't drink much, and I don't smoke.
I personally feel for any one relying solely on benefits.
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