challengeclub's Net Worth for July 2023


Assets Value Change ($) Change (%)
Savings $47,800 $10,000 26.46%
Stocks $193,600 ($41,800) (17.76%)
Superannuation $175,600 ($1,900) (1.07%)
House $845,600 - -
Investment Property $300,000 - -
Cars $0 - -
Personal Property $0 - -
Rental Bond $2,200 - -
$1,564,800 ($33,700) (2.11%)
 
Debts Value Change ($) Change (%)
House Mortgage $236,200 - -
IP Mortgage $128,800 ($100) (0.08%)
Credit Cards $0 - -
Total Debts $365,000 ($100) (0.03%)
Net Worth $1,199,800 ($33,600) (2.72%)
*All values shown in AUD ($)
Notes:
JULY 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
$47750


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)
$193650


Property:

IP

Apartment:
$600K value
Half only applies ie $300K
Mortgage is now being reduced each month - currently $257622 and half of that is $128811


HOUSE

House Build:
Deposit/Payments to Builder for House Build = $395600 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 $845600 at this (in progress) stage
Will likely top out at $900K once builder done

Mortgage:
$236173 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 $900K

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

Comments