Chart updated to end of May in sidebar.
Stocks/cash increased $282.(0.16%) to $181,089
Retirement savings (SMSF etc) decreased by -$12,169 (-0.80%) to $1,502,944
Est. of Home valuation (my half) decreased by -$14.251 (-1.37%) to $1,022,194. Again this month Sydney real estate index rose overall during May, so it must be specific to the Northern Beaches part of Sydney.
Other real estate (my 'lake house' and the investment apartment) increased by $1,426 (0.07%) to $2,059,932
The outstanding balance of the investment property mortgage remains at $1MM (the loan is 'interest only' for another 4 years 9 months). Interest rate is currently 5.79%.
Other assets (my online depository bullion account and Perth Mint, and the bullion value of my gold and silver proof coin collection) decreased by -$352 (-0.95%) to $36,756.
Overall, NW decreased by -$25,064 (-0.65%) to $3,810,915 during May.
Not a particularly exciting month's performance, and the prospects for the next financial year are not looking very encouraging at the moment. Inflation is remaining stubbornly high in Australia, so there may be additional interest rate hikes before this cycle has peaked, which will subdue and delay any recovery in property prices. And several of the major economies are not looking very positive - China, Japan, Germany - so the global economy and Australia's export-focussed economy may be weak during 2023/24 FY. I'm guessing my NW will remain fairly flat (or decrease somewhat) over the next 12 months, which would be a decrease of 5%-10% in 'real terms' due to inflation.
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