challengeclub's Net Worth for January 2023


Assets Value Change ($) Change (%)
Savings $31,600 ($23,900) (43.06%)
Stocks $104,500 ($6,600) (5.94%)
Bonds $0 ($2,200) -
Superannuation $175,400 ($2,500) (1.41%)
House $786,000 $181,000 29.92%
Investment Property $320,000 $20,000 6.67%
Personal Property $0 - -
Other Assets $0 - -
Rental Bond $2,200 $2,200 -
$1,419,700 $168,000 13.42%
 
Debts Value Change ($) Change (%)
House Mortgage $127,800 $127,800 -
IP Mortgage $133,000 ($500) (0.37%)
Credit Cards $7,000 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $267,800 $127,300 90.60%
Net Worth $1,151,900 $40,700 3.66%
*All values shown in AUD ($)
Notes:
JANUARY 2023

SAVINGS
Savings includes half of joint IP bank account
All other bank accounts of mine plus all of the joint working account
Plus all cash on hand
Excludes wife's savings
$31600


STOCKS
Stocks is holdings (and any cash in broker accounts) with all broker accounts (mine and wife - even though hers is only for her not us)
$104500


Bonds:
Bonds figure is now in NEW Rental Bond (discovered can modify fields!) $2200 to return once in House and stop renting


Property:

IP

Apartment:
$640K value
Reassessed now based on recent sales of around $660K
Half only applies ie $320K
Mortgage is actually only $266K so $133K each
Soon to be reduced to $130K each


HOUSE

House Build:
Deposit/Payments to Builder for House Build = $286000 now
After spend on furnishing will count some of the value of these (then) as Personal Property
Land:
Settled - Owned Outright
Latest 400m2 vacant land Sales indicate $500K

Mortgage:
$127800 now - finally started the mortgage (will expand to $280000)



When House completed will simply have $280000 mortgage (or less if Inna puts in but I will then have other debt to her)
And House to be market valued - probably around $900-950K

Because lots of new furniture/appliances - will then count the value of personal property at sale price

Probably continue to not count cars?

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