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Picture Book · Age Pension

Renters and owners

Story pages

A man in his late sixties with a white beard watering a potted plant on a small apartment balcony overlooking the sea
Meet Frank. He's 69 and rents a unit near the beach.
Two doorways side by side
Because his home isn't an asset he owns, his assets test limit is higher.
A tall glass jar of shells on a windowsill
A single non-homeowner can have up to $600,000 and still get the full pension.
A wooden fence ending at the edge of a coastal headland
A part pension stops above $1,012,750 for a single non-homeowner (from 20 September 2026).
A man in his late sixties carrying a bag of groceries up the steps of a low-rise apartment building
He may also be able to get Rent Assistance on top of his pension.
A man in his late sixties on a phone call at a kitchen bench
Frank lets Services Australia know whenever his rent changes.

The end

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General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

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