DS1 is mid-way through his European vacation. He got a good enough ATAR to get into his first choice of university course, and has already completed the offer acceptance online. He'll finalize his enrolment details when he returns to Sydney at the end of January, and start preparing to start university at the end of February.
My net worth increased again in December, with my geared share portfolio adding a bit over $10,000 to my net worth, and my retirement savings also increasing by around $10,000. Some of the increase in the estimate of my retirement savings account balance is due to my making a slight adjustment to the calculation formula used to work out the % of the total SMSF balance that belongs to each member. I had previously simply added up the contributions made by DW and by myself, and used the relative % of total contributions to apportion the current balance to each member. The correct method is to calculate the relative effect of each contribution to the current total balance at the time of each contribution. The revised calculation method accounted for most of the increase in my SMSF account balance between Nov and Dec.
The estimated valuation for our home increased slightly, as the median sales price in our suburb rose slightly, bucking the general downward trend in property prices in Sydney. 'Experts' are now predicting a decrease of between 4%-10% in Sydney property prices during 2018, which would make it difficult for my NW to continue to rise during 2018, unless there is a substantial shift in investor focus from real estate to the share market, which might assist my geared share portfolio.
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