Ask Noel: Income from granny flat counted as asset?

Updated July 12 2018 - 8:35am, first published 8:30am
Ask Noel: Income from granny flat counted as asset?
Ask Noel: Income from granny flat counted as asset?

I am a single woman currently planning for my retirement in four years and have considered building a granny flat at the back of my home. It could be used to provide accommodation for my son who would assist me as I get older, or alternatively provide me with rental income for financial security. My super is only $220,000. Can you advise if this will be assessed by Centrelink as an asset? I would like to keep my options open as I am not ready to downsize yet.