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Your net worth.

Discussion in 'General Property Chat' started by Steven Ryan, 14th Jul, 2015.

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What's your net worth?

  1. < $50k

    7 vote(s)
    3.8%
  2. $51-$150k

    10 vote(s)
    5.4%
  3. $151-$250k

    13 vote(s)
    7.0%
  4. $251-$500k

    27 vote(s)
    14.6%
  5. $501-$750k

    26 vote(s)
    14.1%
  6. $751k-$1m

    22 vote(s)
    11.9%
  7. $1-2m

    39 vote(s)
    21.1%
  8. $2-5m

    32 vote(s)
    17.3%
  9. $5-10m

    5 vote(s)
    2.7%
  10. >$10m

    4 vote(s)
    2.2%
  1. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    This is purely for insight–not for bragging or feeling deflated.

    So, what's your net worth (include the lot, not just property equity).

    Formula is simple:

    Assets minus liabilities = net worth.

    Feel free to share details (e.g. your age) or simply vote :)

    Edit: If you're a couple and share assets/liabilities, use your share.
     
    Last edited: 14th Jul, 2015
  2. aussieshorter

    aussieshorter Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    104
    Location:
    Brisbane
    A little short of $400k at the moment.

    Included in that total are:
    • PPOR
    • IPs
    • Stock market holdings
    • Cash
    • Superannuation
    I started tracking my net worth on a monthly basis about 2.5 years ago, prior to purchasing our first IP. At that time it was just over $100k. So a 252% return in that time :cool:
     
  3. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    2,716
    Location:
    Mornington Peninsula
    Was flying along for a time there; got to $1mill about 2010.

    Gone backwards ever since (bought the workshop in 09), and wouldn't know what it is now.

    Rough guesses;

    PPoR - worth approx $1.5m (hope to sell it for that)
    IP - worth approx $210k
    Workshop - worthless?
    Total Debt - $1.05mill
     
    Last edited: 14th Jul, 2015
  4. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    629
    Location:
    Sydney, NSW
    Just had to change my vote, I forgot about Super (Thanks aussieshorter :)).

    No IP's yet, PPOR + Super only so far puts me around the 500 mark
     
  5. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,516
    Location:
    Sydney
    Combined amount or split in 2 if you're a couple?
     
  6. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    629
    Location:
    Sydney, NSW
    Thats a good point, I did all of the house but didn't count my wifes super.
     
  7. Free_dom

    Free_dom Member

    Joined:
    14th Jul, 2015
    Posts:
    12
    Location:
    Sydney
    My wife and I are in our early 30's and sold our PPOR last year and made a bit on it. We also have 2 IP's in Sydney. Together we are on 950k, excluding super as I don't know what it's at.
     
  8. Joshwaaaa

    Joshwaaaa Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    376
    Location:
    Adelaide
    I actually sat down and worked this out properly a couple weeks ago, just a smidge over $200k at 30 years old
     
  9. Pistonbroke

    Pistonbroke Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    395
    Location:
    Guangzhou
    Too embarrassing to disclose.
     
  10. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    2,716
    Location:
    Mornington Peninsula
    Forgot to add Super, but I don't count that...it's a nothing savings plan, and wiped out at the next stock market crash...should be along shortly.
     
    KayTea likes this.
  11. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    2,716
    Location:
    Mornington Peninsula
    I thought I'd post my dismal performance early so noone would feel bad about their achievements or lack thereof?

    Go for it - noone will think less of you.

    The only ones not needing to post are those who have been "telephone numbering" over at SS for ages, and have a sudden rush of blood and feel they have to post the truth on this forum instead - which would see them discovered as frauds. (not likely, but you never know),

    Or those who have been avoiding disclosing a lot of goodies to the relevant authorities over the years, and who also have that same rush of truth serum...also not likely.
     
  12. sanj

    sanj Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,142
    Location:
    Perth
    how old are you marc? super can be an excellent tool tax wise, especially as you get older
     
  13. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    2,716
    Location:
    Mornington Peninsula
    Thanks for the tip, Sanj.

    I'm 54.

    However, I have enough trouble just servicing and paying down existing loan and tax debt; can't afford any extra dollars to be diverted anywhere else currently....hence trying to sell our house.

    I have an industry Super fund which I begrudgingly put the minimum into as per my Super Guarantee commitments through the Company.

    I also direct as many purchases of parts and materials towards our industry buying group/association, which gives me points for each dollar spent. These points can be used to pay your supplier bills, or can be converted into shares in that Company, which pay dividends - last 2 years averaged 16% per year. Not too bad for money I didn't have to actually put in out of my own pocket.

    I then re-invest the dividends back into more shares each year. So, this is my "superannuation fund".
     
    Last edited: 15th Jul, 2015
  14. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,214
    Location:
    At work
    Net worth?

    Less than a year's gross pay.

    Depressing right? (Or is it?)

    I'm 35.
     
    Last edited: 14th Jul, 2015
  15. Hodge

    Hodge Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    513
    Location:
    Melbourne
    Never worked it out until now. $1.149m. However if I was to sell I would have to factor in selling cost, tax, etc. I wouldn't have too much left!
     
    MJS1034 likes this.
  16. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    So you just realised you're a millionaire? ;)
     
    KayTea likes this.
  17. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    Split if you share assets/income.

    I'll adjust original post to clarify.
     
  18. Hodge

    Hodge Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    513
    Location:
    Melbourne
    I didn't split so in my case divide my figure by 2.
     
  19. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    I set the poll so users can edit.

    (Made sense since this is likely to increase over time, for most of us)
     
  20. leon brown

    leon brown Active Member

    Joined:
    21st Jun, 2015
    Posts:
    30
    Location:
    nsw
    250k 22 but going to to be millionaire by 25
     
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