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Is it worth selling my house if I'm going into aged care?

By Colin Zhang, Lecturer, Department of Actuarial Studies and Business Analytics, Macquarie University
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For senior Australians who cannot live independently at home, residential aged care can provide accommodation, personal care and general health care.

People usually think this is expensive. And many assume they need to sell their home to pay for a lump-sum deposit.

But that’s not necessarily the case. Here’s what you need to consider.

Read more: So you're thinking of going into a nursing home? Here's…

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