challengeclub's Net Worth for February 2023


Assets Value Change ($) Change (%)
Savings $26,600 ($5,000) (15.82%)
Stocks $144,700 $40,200 38.47%
Superannuation $179,000 $3,600 2.05%
House $786,000 - -
Investment Property $320,000 - -
Personal Property $0 - -
Other Assets $0 - -
Rental Bond $2,200 - -
$1,458,500 $38,800 2.73%
 
Debts Value Change ($) Change (%)
House Mortgage $126,600 ($1,200) (0.94%)
IP Mortgage $129,500 ($3,500) (2.63%)
Credit Cards $6,000 ($1,000) (14.29%)
Car Loans $0 - -
Other Debts $0 - -
Total Debts $262,100 ($5,700) (2.13%)
Net Worth $1,196,400 $44,500 3.86%
*All values shown in AUD ($)
Notes:
FEBRUARY 2023

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
$26552


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)
$144720



Property:

IP

Apartment:
$640K value
Reassessed now based on recent sales of around $660K
Half only applies ie $320K
Mortgage is now being reduced each month - currently $258959 and half of that is $129480


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

So total value is $786000 at this in progress stage

Mortgage:
$126608 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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