Thanks for the comments Derek

I have been to the centrelink site and studied the income and assets tests. When centrelink reviews my dads assets he will lose eligibility to any pension. (my dad prefers to bury his head in sand and act the doddering old man who didnt notice the property boom) He’s not all that keen on drawing attention to himself by having an interview with a centrelink advisor. However I see no alternative.

Although my dad would happily have my name added to the deed, i cannot afford to buy it from him. ANd if no money actually changed hands, centrelink would still penalise him for market value.

At dads age he wants to be on the pension for other benefits besides $. He needs the free ambulance cover, cheaper pharmaceuticals and transport etc.

He is allowed to gift 10,000/yr.
Centrelink would allow him wiht no penalty to sell the property and go on a grand tour around hte world. But dad wants to keep it for his grandchildren.

Im just unsure where to go for advise. Financial advisors seem to have their own barrow to push. And hten i need someone who is au fait with centrelink rules.
If anyone has an ideas, pls let me know.