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There's not many reasons to buy a rental property when you're on a part-pension. Being on a mere allowance its not so bad, but pensions are cushy. You get a positively geared place, the extra income might tip you over the limit and you lose your pension card. Then with all the perks gone you're...

Oh, wouldn't that be nice. And the same thresholds for everything too, none of this $40k if you're on one pension, $20k for the ATO, $4k for another pension etc. Then there's asset limits ... they need to overhaul everything...

I consider low income to be < 20k (ie, a couple on a pension) but centerlink pays single parent benefits and perks up to about $40k so low income for a single is well over twice that for a couple. If you are on parenting payment partnered you lose FTA/FTB once your partner earns more than $4k so...

I give them an income overestimation (usually about 2-3k over) each year and get paid fortnightly. I get less than $300 a fortnight and always get puzzled when people who earn more than me get heaps more, but I guess that's the system. I got so much more than that back when I was a single parent...

NOTHING about centerlink matches the ATO. I have (yet another) 6 page form sitting here. A profit and loss statement, very involved stuff. The period it covers ends on the 31st of August, have to get it back within 14 days of the letter - the 31st August. All well and good but I get paid...