The family home is treated differently to other assets. The family home is not counted as an asset if there is still someone living in it such as your partner, a dependent child (children), a close relative who is eligible for an income support payment from the Australian Government and has been living there for at least five years or a carer who is eligible for an income support payment from the Australian Government and has been living in the home for at least two years. If your home is included as an asset, the value of it is capped at around $200,000. If you are part of a couple and your home is included as an asset, 50 per cent of the net market value of the home is attributed to each of you. Each 50 per cent proportion will be subject to the full value of the cap.