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No. The Australian equivalent of a homestead is "station", as in a sheep station or a cattle station. Only a very small proportion of Australians live on sheep or cattle stations.

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14y ago

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Can a life estate take away homestead exemption?

No, a life estate does not typically take away a homestead exemption. The homestead exemption is usually based on the property being the primary residence of the owner or their family, regardless of the ownership interest.


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