Australia
Net Worth Tracker for Australia
Track every asset and liability - super, property equity, shares, HECS-HELP, and savings - to see your complete financial picture over time.
Australia
Net Worth in Australia: What to Track
Australian wealth is typically concentrated in superannuation and property. A net worth tracker that captures both gives a more complete view than checking any single account.
Superannuation is often the largest financial asset
With 12% of earnings going to super throughout a career, many Australians accumulate significant super balances. Including super in net worth shows the full picture, though it's worth noting this money isn't accessible until preservation age (60 for most). The average super balance for 50-54 year olds is around $200,000-250,000.
Property equity dominates Australian net worth
Australian home prices, particularly in Sydney and Melbourne, mean property equity can be the single largest net worth component. Track home value (based on recent comparable sales or online estimates) minus mortgage balance. Investment property adds another layer of equity to include.
HECS-HELP is a unique liability
HECS-HELP debt is indexed to CPI rather than charging commercial interest rates. Some people include it as a liability in net worth calculations for completeness; others exclude it since it's automatically repaid through the tax system. Including it gives a more conservative (and technically accurate) view.
Australian shares and franking credits
Many Australians hold shares directly or through ETFs. The franking credit system means dividends from Australian companies often come with tax credits attached, which is a unique benefit of Australian share ownership. Track share portfolio values at current market prices for net worth purposes.
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Getting Started
How to Set Up This Template for Australia
List all assets
Enter bank accounts, super balance, property value(s), share portfolio, ETFs, term deposits, and any other assets. Use current values - check your super fund portal, bank app, and recent property comparables.
List all liabilities
Include mortgage balance(s), HECS-HELP (from your myGov/ATO portal), personal loans, car loans, credit card balances, and any other debts. Being thorough ensures an accurate net worth figure.
Set the currency to AUD
Use the template's built-in currency selector to display amounts in AUD. All calculations are currency-agnostic.
Update monthly or quarterly
Monthly updates for bank and investment balances, quarterly for super and property values. Super balances fluctuate with investment markets - quarterly is a reasonable cadence to avoid reacting to short-term movements.
Track accessible vs. total net worth
Consider tracking two figures: total net worth (including super and property) and accessible net worth (excluding super and property equity). This shows both the big picture and what you could actually draw on if needed.
See It In Action
What the template looks like
Browse through the template to see how it handles budgeting, categories, and expense tracking - all adaptable to your local financial setup.
- Built-in currency selector
- Customizable categories
- Budget vs actual tracking
- Visual charts and summaries
Track your net worth over time with charts
Breakdown of all your assets
Track all debts and liabilities
Key financial health indicators
Set and celebrate net worth milestones
Common Questions
Net Worth Tracker for Australia - FAQ
Should I include super in net worth?
Yes - super is a real asset and one of the largest for many Australians. Including it gives a complete picture. Some people also track "accessible net worth" excluding super, since it can't be withdrawn until preservation age (60 for most).
How do I value my property?
Use a reasonable estimate based on recent sales in your area. Websites like Domain or realestate.com.au provide estimates, or you could use your most recent council rates notice valuation (though these can lag the market). Annual updates are usually sufficient.
Should I include HECS-HELP as a liability?
Including it gives a more conservative and technically accurate net worth. Since HECS-HELP is indexed to CPI (not commercial rates) and repaid automatically through the tax system, some people prefer to exclude it. Either approach is valid - just be consistent.
What about my car?
Including vehicles is optional. If you do, use a realistic resale value (check carsales.com.au or RedBook), not the purchase price. Cars depreciate, so this value drops each year.
How does Australian net worth compare to other countries?
Australia has one of the highest median household net worth figures globally, driven largely by property values and compulsory superannuation. The ABS Household Income and Wealth survey provides detailed benchmarks by age and household type.
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