Do I have to tell Centrelink if I sell my house?

If you are receiving pension payments, you have 14 days from the time the sale proceeds hit your bank account to notify Centrelink as to what you are doing with them. If you are planning to buy another house, you can apply for a 12-month exemption from Centrelink, so the money from the sale that’s in your bank account isn’t included in the assets test for the pension.