challengeclub's Net Worth for February 2023


Assets Value Change ($) Change (%)
Savings $76,600 ($5,000) (6.13%)
Stocks $144,700 $40,200 38.47%
Superannuation $179,000 $3,600 2.05%
House $736,000 - -
Investment Property $300,000 - -
Cars $0 - -
Personal Property $0 - -
Rental Bond $2,200 - -
$1,438,500 $38,800 2.77%
 
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%)
Total Debts $262,100 ($5,700) (2.13%)
Net Worth $1,176,400 $44,500 3.93%
*All values shown in AUD ($)
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
$76552


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:
$600K value
Half only applies ie $300K
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 $450K

So total value is $761000 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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