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Thursday, 1 July 2021

Net Worth: JUN 2021

My monthly NW estimate has been updated in NetWorthShare for the end of June. Chart is in the side-bar.

Stocks and managed fund investments increased this month, up $10,941 (+3.20%) to have  $352,394 net equity in my geared share portfolios. This is similar to what is was back in 2007 before the GFC, but I have much lower gearing nowadays.

Our estimated house price for May (my half) increased by $24,875 (2.69%) to $949,902. This increase seems to confirm that last month's sudden jump was actually indicative of the strong property market in Sydney, rather than being an aberration.

The value of my retirement savings rose during June, to $1,454,487 (up $36,609 or 2.58%). I'm on track to reach the 'transfer balance cap' (maximum amount that can be moved from 'accumulation' to 'retirement' phase) before I hit 65 (when I'll be able to make the transfer without retiring). The TBC is currently $1.7m (increased in line with CPI on 1 July).

The value of my precious metals declined slightly during June, to $23,457 (down $920 or -3.77%).

Overall, my estimated NW reached $3,079,203 by the end of June - up by a healthy $71,776 (2.39%).

I continue to include the value of the 'other real restate' at cost in my NW calculation, but the lake house is likely to have increased from $337,000 to around $676,725 since I 'bought' it from my parents, and the value of the off-the-plan unit is likely to have increased from the purchase cost of $1m + $40,452 stamp duty, to $1,160,695 - but I'll wait until I get an official valuation done when the unit construction is completed in 2023 before I start tracking changes in the unit's value as part of my NW estimate.

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