FunanceSuper is included by default
For a lot of households super is the difference between thinking they are treading water and seeing that they are not. It belongs in the figure.
Net worth for Australian householdsOne number that tells you if this is working.
Income tells you what came in. Net worth tells you whether any of it stayed. It is the single most useful number a household can track, and almost nobody tracks it.
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Household net worth
$781,500
$1,421,000 of assets against $639,500 of debt.
- Property, current estimate
- $1,100,000
- Superannuation, combined
- $248,000
- Cash and offset
- $41,000
- Vehicles and other assets
- $32,000
- Mortgage outstanding
- −$612,000
- Other loans and cards
- −$27,500
- Net worth
- $781,500
94% of your net worth is in super and the house — both real, neither spendable this year. $41,000 is actually liquid.
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Net worth is everything you own minus everything you owe. Simple to define, and surprisingly easy to get wrong in Australia, because two of the biggest components sit in places people forget to include.
The first is superannuation. It is your money, it is often the second largest asset a household has, and leaving it out understates most people by a six-figure margin. The second is property equity, which moves with the market whether or not you look at it.
Funance keeps both in the figure and records it monthly, so you get a direction rather than a snapshot.
| Component | Amount |
|---|---|
| Home, current estimated value | $1,100,000 |
| Superannuation, combined | $248,000 |
| Cash and offset | $41,000 |
| Vehicles and other assets | $32,000 |
| Mortgage outstanding | −$612,000 |
| Car loan and cards | −$27,500 |
| Net worth | $781,500 |
Illustrative household. Not real user data.
What gets counted
What the tool actually does
Property at a sane valuation
Property is tracked with its own growth assumption, and ABS capital city price index data is there to sanity-check that assumption against something published.
Tracked monthly, not annually
The value of net worth is the trend line. Funance stores each month so you can see the direction, including the months it goes backwards.
Savings rate alongside it
Net worth is the outcome, savings rate is the lever. Both sit on the Overview tab so you can connect one to the other.
What to gather first
- Super balances for both partners
- A current estimate of your property value
- Mortgage and loan balances
- Cash, offset and any investments
Questions
The things everyone asks
Should superannuation be included in net worth?
Yes. Super is your money, held in a restricted account until preservation age. Excluding it understates most Australian households substantially, particularly people in their forties and fifties.
How do I value my house?
Use a considered estimate rather than the most optimistic number you can find. Funance includes ABS capital city residential price index data so you can sanity-check your growth assumption against published figures.
Is net worth tracking on the free plan?
Yes. Net worth sits on the Overview tab, which is one of the three tabs included free.
Related
Other things you can work out here
Home equity calculator Australia
Equity is your property's value minus what you owe. Usable equity is a smaller number, and it is the one lenders care about. Confusing the two is how people end up disappointed at the bank.
Home equity calculator →Superannuation projection calculator
Super is the largest asset most Australians will ever own and the one they look at least. A projection turns an abstract balance into a number you can do something about while there is still time.
Superannuation projection calculator →Personal finance app for Australia
Most finance apps are international products with the currency symbol swapped. Funance is built around the ATO, the states and the super system, because those are the rules that actually decide what you keep.
Personal finance app for Australia →Know where your money goes.
Know where you're going.
Set up your household in about ten minutes. No card needed, no bank login, and a free tier waiting if you don't continue.
Free forever · no card required · no bank login · runs in your browser