Net Worth Sep 2026

Chart updated in sidebar.

Stocks/funds/cash total increased by $6,547 (+1.14%) to $578,719.

Retirement savings decreased by -$13,144 (-0.56%) to $2,333,782. 

Real Estate - PPOR (home) estimated valuation decreased by -$53,118 (-4.10%) to $1,243,734. My other properties increased by +$14,175 (+0.65%) to $2,204,732 (while the mortgage remained unchanged at $999,991 while it is still in 'interest only' mode).

Other assets (PM bullion, coin collection etc.) decreased by -$4,243 (-5.17%) to $77,802.

Overall NW decreased by -$49,783 (-0.91%) to $5,446,778.

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Net Worth AUG 2026

Chart updated in sidebar.

Stocks/funds/cash total decreased by -$17 (-0.00%) to $572,172. The gain in my stocks was offset by spending some cash on removing old fence posts from the lake house property, and paying quarterly rates, utility bills.

TSB increased by +$19,038 (0.82%) to $2,346,926. Investment gains and my modest SGL contributions exceeded the reduction in the 'money-back protection' value of my QSuper Lifetime Pension accounts caused by the fortnightly pension payments (i.e. most of my QSuper Lifetime Pension payments is simply a 'return of capital' - it only becomes a decent investment if I live substantially beyond average life expectancy. Similar to my deferred lifetime annuity, that cost $10K and has zero value unless I live past 99).

Realestate - PPOR (home) estimated valuation increased by +$1,296 (0.10%) to $1,296,852. My other properties decreased by -$1,277 (-0.06%) to $2,190,527 (while the mortgage remained unchanged at $999,991 while it is still in 'interest only' mode). Due to the recent tax changes I expect my real estate assets to continue to decline in value over the next 2-3 years. My guess is a 10-15% decline (for my real estate assets) within 1-2 years, followed by a return to price growth due to the underlying supply/demand imbalance. A lot will depend on future changes to the rules, which in turn may depend on campaign promises and the outcome of the next Federal election (likely in early 2028). A change in government (or balance of power), or even just a surge in rents and drop-off in new construction, may sell the changes modified substantially (as happened last time negative gearing was temporarily abolished).

Other assets (PM bullion, coin collection etc.) increased by +$5,338 (+6..96%) to $82,045 as bullion prices bounced somewhat. Recent troubles with the US bond sales/inflation/national debt and the US-Iran 'peace deal' may see bullion prices resume upward march for the rest of the year and beyond.

Overall NW increased by +$24,378 (+0.45%) to $5,496,561. This is actually a new 'all time high' for my NW, but doesn't feel that way as the overall progress during the past year has been very modest (not surprising as it included redundancy, retirement, taking a one-year leave of absence from my PhD studies, a new job at modest salary, moving super into pension phase and commencing pension withdrawals, etc.). The old "things could always be/get worse" saying comes to mind.

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Net Worth JUL 2026

Chart updated in sidebar - networthshare was back online after a week or so.

Stocks/funds/cash total increased by +$10,008 (+1.78%) to $572,189. The only bright spot in a rather lackluster month.

TSB decreased by -$521 (0.02%) to $2,327,888. Investment gains and my modest SGL contributions just about offset the reduction in the 'money-back protection' value of my QSuper Lifetime Pension accounts (the amount that would be paid to my estate if I died before total pension payments exceeded the initial purchase price).

Realestate - PPOR (home) estimated valuation remained unchanged. My other properties decreased by -$12,388 (-0.56%) to $2,191,834 (while the mortgage remained unchanged at $999,991 while it is still in 'interest only' mode). Due to the tax changes I expect my real estate assets to continue to decline in value over the next 2-3 years. However, due to the 'wealth effect' that residential property has on consumer sentiment/spending (around 50% of 25-34 yo Australian adults, and 65% of 35-44 yo Australian adults are homeowners -- the core 'spending cohort' that drives a large part of GDP) I expect the impact of falling house prices will not only impact the building industry, banking (lending), real estate and mortgage broker business, but also dampen consumer spending overall -- so there might be a recession, reduced inflation (if exogenous factors like oil prices moderate), and a resulting reduction in interest rates to try to boost the Australian economy. And hence fuel the start of the next 'real estate cycle' upturn in 3-4 years time. We'll see. Labor could also lose government (or need support from other parties to pass any legislation, so have to make 'deals') or at least their majority, and might well reverse/modify some of their recent changes (it happened last time Labor tried to reduce the attraction of negative gearing (by simply restricting 221D PAYG variations) -- which led to a spike in rents, and plunge in residential construction, and was quickly reversed).

Other assets (PM bullion, coin collection etc.) barely increased by +$39 (+0..05%) to $76,707 as gold and platinum prices stabilized.

Overall NW decreased by -$2,562 (-0.05%) to $5,472,183. I suspect it will be quite a while before I might hit A$6M. And it is quite possible it will be worth less than my current NW in real terms (adjusted for inflation) if/when I get there.

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My QSuper Pension adjustment for FY27

Having just posted that I didn't know what adjustment would be made to my QSuper pension, I decided to go have a look into the details of the annual adjustment calculation. Turns out the annual adjustment is made on 1 July each year, and for this year the total adjustment will +2.13% (about half the inflation rate). The way the adjustment is worked out is based on how the underlying 'Balanced Risk Adjusted' fund performs relative to a 5% benchmark/hurdle (ie. if the fund annual return was 6% you would get a +1% adjustment, but if the fund annual return was 4% you would get a -1% adjustment). The investment adjustment came in at 2.01% (I.e. the underlying fund performance was 7.01% - the 5% 'hurdle'). There is also a secondary, smaller adjustment made based on the actual mortality results for the 'pool' of pension recipients relative to actuarial expectations. This year the 'mortality adjustment' was 0.12%. So the total adjustment was 2.13%.

However, this does not tell me exactly how much my fortnightly pension payments would be adjusted, as in the first year the fortnightly pension amount is adjusted upwards to take into account that you do not receive a payment during the initial 14-day 'cooling off' period, and this amount is then spread out over the remaining payments for the FY. As I started both of my QSuper pensions early in the FY, this should work out to be roughly one fortnightly amount divided by 23, 24 or 25, which would mean that my fortnightly $ amounts during this first year were about 4-6% higher than they would have been if I had received 26 fortnightly payments during the year. This would mean my pension payments should drop back by about 4%, which will then be partially offset by the 2.13% pension adjustment. So, overall, I expect my fortnightly pension payments will now be slightly (2-3%)  lower than they were during the first year.

Update: I double checked when my last PP had been deposited, and it was a few days after the start of the new FY, so the annual adjustment had already been applied to my last PP. So I checked the PP amount and it had indeed decreased slightly - from the previous $1,216.98/F down to $1,176.66/F (a decrease of 3.31%).

Going forward my PP should just vary by the reporting 'adjustment amount' at the start of each FY.

Adjustments in previous years have been:

Year	Investment adjustment (after 5% benchmark)	Mortality adjustment	Net pool result
2025-26	+2.01%	+0.12%	+2.13%
2024-25	+4.95%	+0.64%	+5.59%
2023-24	+2.37%	-0.50%	+1.87%
2022-23	-1.34%	-0.33%	-1.67%
2021-22	-6.45%	-0.44%	-6.89%
2020-21	+7.93%	-0.40%	+7.53%

This means the average adjustment over the past 6 years has been 1.43%. In comparison the 5-yr average inflation rate up to 2025 was 4.21%.

Historic Performance for the underlying Balanced Risk-Adjusted fund has been:

Investment Option: Balanced Risk-Adjusted

10 yrs (p.a) 7 yrs (p.a) 5 yrs (p.a) 3 yrs (p.a) 1 yr

7.07% 6.20% 5.86% 8.19% 7.19%

The 10-yr average performance suggests that my QSuper pensions will not quite keep pace with CPI inflation, but the decline in real purchasing power will be modest over the next 20-30 years.

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