How to avoid selling home to pay for care in Australia

In Australia, one of the primary concerns for seniors needing aged care is how to avoid selling home to pay for care. With an aging population and rising healthcare costs, many families are searching for solutions to keep their properties safe while maintaining quality care for their loved ones. Many Australians are anxious about maintaining house ownership while covering care costs. Fortunately, there are innovative and inventive solutions that allow people to keep their homes while receiving the care they require. Let’s look over these innovative options together. 

Equity Release Bonds: Unlocking Home Equity

Consider issuing equity release bonds to acquire funds for care bills while maintaining ownership of your house. Investors purchase a stake in the future value appreciation of your property, providing you with upfront cash that can be used to offset care costs. This absolute financial product provides flexibility by allowing you to remain in your house while accessing the equity you’ve built up over time.

Collaborative Housing Communities

Joining a cohousing community for the elderly can provide a welcoming environment that allows you to age in place while still owning your home. These international communities consist of separate houses with common amenities, allowing residents to share resources, assist one another and seek care as needed. Cohousing communities foster a sense of belonging and community while offering a viable alternative to traditional care arrangements.

Community Land Trust

To ensure that your home remains affordable and accessible in the long run, transfer ownership to a community land trust. Community land trusts buy and hold for the benefit of the community, allowing you to receive care services funded by community contributions and grants. By joining a community land trust, you can prevent your home from being sold to meet care costs while also ensuring that it is available for future generations.

Intergenerational Living Arrangements

Examine intergenerational living arrangements, in which people of various ages share housing, income, and caring responsibilities. Living with younger generations or other older people helps you to create a supportive environment in which everyone contributes to one another’s care and well-being. Intergenerational living promotes meaningful connections and independence while allowing you to stay in your own home.

Smart Home Technology Integration

Invest in smart home technology to create a secure, comfortable, and energy-efficient living environment for aging in place. Automated lighting, security cameras, remote monitoring systems, and voice-activated assistants can enhance accessibility and convenience while keeping you in touch with caregivers and loved ones. Smart home technology allows you to remain independent and secure in your home while receiving the care you require.

Eco-Friendly Retrofitting 

Retrofit your home with eco-friendly features to save ongoing expenses and free up funds for care. Solar panels, energy-efficient appliances, and water-saving fixtures can help you save money on utility bills and maintenance, allowing you to afford care services without having to sell your home. Eco-friendly retrofitting additionally decreases your environmental effects and contributes to a more sustainable future.

Seek assistance from your family and community

Tell your family about your care needs and see if they can help in any way. You can also ask community support services for assistance with tasks and social activities.

Think beyond the box and consider novel alternatives like shared equity structures, communal land trusts, and cohousing communities. These creative approaches can help you keep your house while receiving the care you need.

Plan Your Legal and Estate Matters

Consult a lawyer to ensure that your legal and estate plans are in order. They can help you preserve your assets, including your home, while also preparing for your future care needs. Determine if you are qualified for government subsidies and support programs for elderly care. These programs can help with some of your care costs, allowing you to stay in your place of residence.


To summarize, maintaining home ownership while covering care costs is feasible with careful planning, analysis of available options, and collaboration with specialists, family members, and community resources. Individuals can stay in their homes, surrounded by familiarity and comfort, while receiving the support they require to age with dignity and independence.

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