my understanding re centrelink payments is that some are income and others income and asset tested. The parenting paymnet is both i understand and I think the asset cut of is around $212,500 (not including the family home, but basically everything else). So you would not only need to consider the effect of rental income (for you and her) but also the asset. We have been in a similar situation and are very close to the asset cut off at this stage as we have a rental property. Our equity in the rental is $40,000 on paper as they are taking our purchase price as it’s value. Given the market now if they revalue the property our equity will be more like $110,000 and therefore our Centre link parenting payments will stop. We don’t care as our overall strategy is more imporant. Having said that however timing is important and we are waiting until next financial year to buy additional properties. Centrelink generally revalues properties in July or September apparently so we think we will continue getting payments until July and then go for it with buying more properties. Until then just researching options and setting up for it. Anyway just some food for thought. Good luck understanding Centrelink!!!!