Monday 3 July 2023

Net Worth JUN 2023

Chart updated to end of June in sidebar.

Stocks/cash increased $1.018.(0.56%) to $182,107

Retirement savings (SMSF etc) increased by $55,928 (3.72%) to $1,558,872

Est. of Home valuation (my half) decreased by -$5.183 (-0.51%) to $1,017,011. Again this month Sydney real estate index rose overall during May, so market weakness must still be specific to the Northern Beaches part of Sydney.

Other real estate (my 'lake house' and the investment apartment) increased by $2,302 (0.11%) to $2,062,234

The outstanding balance of the investment property mortgage remains at $1MM (the loan is 'interest only' for another 4 years 8 months). Interest rate is currently 6.29% after the most recent RBA overnight interest rate hike flowed through to bank home loan mortgage rates in full.

Other assets (my online depository bullion account and Perth Mint, and the bullion value of my gold and silver proof coin collection) decreased by -$1.560 (-4.42%) to $35,196. Silver and Platinum prices have seen a significant drop during the past month.

Overall, NW increased by $52,505 (1.38%) to $3,863,420 during June. This is a new 'all-time high' for my NW estimate, which seems a bit surreal given the war in Europe, high inflation, rising interest rates, economic woes in Germany, Sth Korea, China etc..

ps. I also have about $86K worth of accumulated unused annual and long service leave, which will be paid out upon retirement if not used, so I should theoretically include that somewhere in my estimated NW calculation. I only check my outstanding accumulated leave balances every couple of years, so it isn't something I want to recalculate monthly just to make my NW estimate slightly more precise.

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