A property settlement can be anything you want if you can reach agreement with the other party. The court's process doesn't apply unless you ask it to decide the property settlement for you, following a failure to reach agreement, so realistically, there is no list of things or payments you're entitled to, nor is there a hard and fast rule about how assets would be divided. It's purely what you can agree to.
If you can't agree, though, then the court follows a four-step process.
1. What's the total value of the asset pool?
2. What's the financial and non-financial contribution of each party?
3. What're the future needs of each party?
4. Is the settlement just and equitable?
The court might order you to sell the house as part of the settlement, or it might order you to buy out the other party. It's impossible to predict the outcome which is why it's better to try and reach agreement about property settlement, rather than rely on court arbitration.
The first point of call is a family dispute resolution conference to try and reach agreement with the guidance of a neutral third party. Legal Aid offers this service, as well as free legal consultations for advice.
Hope this helps.
