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31-08-2013 18:22 #31
31-08-2013 18:29 #32Senior Member
- Join Date
- Apr 2012
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.
31-08-2013 18:32 #33
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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31-08-2013 18:34 #34
31-08-2013 18:42 #35
Sent from my pho....oh who am I kidding. It's rarely used as a phone
31-08-2013 18:50 #36
The Following User Says Thank You to FiveInTheBed For This Useful Post:
31-08-2013 18:58 #37
I know someone with a few loans one being a home loan on only payments (veteran disability and carers)
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31-08-2013 19:02 #38-
- Join Date
- Jan 2011
31-08-2013 19:04 #39
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.
31-08-2013 19:10 #40
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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