Chart updated to end of OCT in sidebar.
Stocks/cash increased $8,402 (+2.87%) to $301,565 (mostly due to cash savings as the market was fairly flat over the full month). This was partly due to my tenants paying two month's of rent during October. I had requested a modest annual rent increase (from $850/wk to $888/wk, or 4.47%, which was quite conservative as the rent had not been increased last year, and inflation during the past 2 years was around 10%. However, the tenants gave notice that they would be leaving in late November (as they couldn't afford a rent increase). I decided to offer keeping the current rent for another year if they signed a new 12-month lease. We'll see what they decide. If they move out the unit might be vacant for serveral weeks, and the managing agent also charges a week's rent to arrange a new tenant. So forgoing a rent rise for 12 months might be a better option than finding new tenants. I'm a bit loath to skip a rent increase for 2 years in a row, however, as if the current tenants then remain for several years it is difficult to ever 'catch up' the rent increase. Usually you can only revert to 'market rates' when a new tenant moves in.
Retirement savings (SMSF etc) decreased by -$1,195 (-0.06%) to $1,888,224.
Est. valuation of our home (my half) decreased by -$16,842 (-1.39%) to $1,194,503. The 'Other real estate' (my 'lake house' and the investment apartment) also decreased by -$1,248 (-0.06%) to $2,160,403. The estimated value of my investment apartment dropped again, more than the slight increase in the estimated valuation for my 'lake house'.
Other assets (my online depository bullion account at Perth Mint, and the bullion value of my gold and silver proof coin collection) increased by $4,554 (+9.72%) to $51,419 due to continuing rise in gold and silver prices..
Overall, NW decreased slightly by -$6,329 (-0.14%) to $4,604,123 during October.
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