challengeclub's Net Worth for September 2023


Assets Value Change ($) Change (%)
Savings $39,500 ($10,400) (20.84%)
Stocks $165,300 ($22,000) (11.75%)
Superannuation $170,600 ($10,300) (5.69%)
House $845,600 - -
Investment Property $300,000 - -
Cars $0 - -
Personal Property $0 - -
Rental Bond $2,200 - -
$1,523,200 ($42,700) (2.73%)
 
Debts Value Change ($) Change (%)
House Mortgage $236,200 - -
IP Mortgage $128,300 ($200) (0.16%)
Credit Cards $0 - -
Total Debts $364,500 ($200) (0.05%)
Net Worth $1,158,700 ($42,500) (3.54%)
*All values shown in AUD ($)
Notes:
SEPTEMBER 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
$39500


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)
$165300


Property:

IP

Apartment:
$600K value
Half only applies ie $300K
Mortgage is now being reduced each month - currently $256921 and half of that is $128460


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
Started spending on Landscaping now - will only add major expenses to the value now
Then later will be approximate value vs mortgage
Total value is $845600 at this stage

Mortgage:
$236173 still (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

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