Our property portfolio performed poorly over the month, with the estimated valuation of our investment property declining substantially (down $17,000 from the previous month). It's possible that this is just a temporary 'blip' due to the mix of properties sold over the past 12 months in that suburb, but there seems to be some weakness re-appearing in the Australian property market in general. And the few offers we have received for our investment property during the nine months it has been on the market have all been well below my estimated valuation, suggesting that the real value of that asset is only about 90% of my monthly valuation figure. The impact of capital gains tax when we eventually sell that property will also reduce my net worth, so the 'cash' figure for my net worth if I liquidated all assets in the current market would probably be about $70,000 less than my listed value.
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