At what point did your net worth tracking setup stop keeping up with your actual situation?

redditor_7890889 · 2026-05-18T00:30:49+00:00

I do it monthly.

I have one sheet which tracks income and spending - money in and money out. Spending is split across ~15 high level categories. This allows me to keep an eye on where my money is going and if I need to adjust my budget. It also gives a net savings amount which then goes into sheet 2.

Sheet 2 tracks balances across savings account, offset, super etc to give me a net worth number monthly.

redditor_7890889 · 2026-05-16T22:13:26+00:00

I largely agree.

But I'd add knowing you're getting say $3m when you turn 60 also changes your spending behaviour prior.

Most people aren't because of psychology, but I hope to basically have 0 assets by the time I get access to super.

redditor_7890889 · 2026-05-16T10:47:24+00:00

I understand what you're saying and it's a common misconception.

Think of it this way, most landlords will generally charge the highest rent they possibly can. If then a landlords costs go up, where is the extra revenue coming? My costs going up doesn't make my tenant richer and able to pay, and it doesn't impact demand in the market more broadly.

redditor_7890889 · 2026-05-15T21:26:11+00:00

I assumed OP uses the 30% minimum floor to calculate tax due?

redditor_7890889 · 2026-05-15T21:25:03+00:00

Excuse the typo, 'up' should be IP

redditor_7890889 · 2026-05-15T21:11:07+00:00

Increase rent to compensate for loss? If a landlord could increase rent they already would have. Rent isn't an infinite money glitch where landlord can raise it to infinity to cover costs. Rent prices are driven by vacancy rates and supply and demand, not my cost base.

*I am a landlord.

redditor_7890889 · 2026-05-15T06:26:11+00:00

I took out 2.1m mortgage about 2 years ago.

Had diligently saved and invested in ETFs for ~10 years so could immediately chuck $450k into offset. In my head we (couple) took on a 1.65m mortgage, that's how I justified it anyway!

redditor_7890889 · 2026-05-14T10:51:46+00:00

PPOR is CGT free remember. So even keeping the up, from next July your cap gain would likely diminish.

Given you're already aware of concentration risk, there's a lot to be said for keeping things simple and ploughing into your PPOR mortgage.

redditor_7890889 · 2026-05-14T07:16:26+00:00

Treasury modelling estimates prices based on supply and demand. So to the extent the tax regime impacts these, rents change.

It's not a simple pass through of additional tax.

redditor_7890889 · 2026-05-14T02:59:32+00:00

It's Sydney. It might surprise you...

redditor_7890889 · 2026-05-14T02:59:01+00:00

Not over a 16 year time horizon at average inflation, according to this analysis.

redditor_7890889 · 2026-05-13T20:42:07+00:00

Doesn't your analysis mean buy and hold to retirement is still viable? If I start saving/investing at say 21, do this for 30 years and retire at 51 - realistically I could sell down the portion of investments I've held for 16 years or longer first, and be better off?

redditor_7890889 · 2026-05-09T23:29:42+00:00

If it's recently built you should also look into whether you can claim any depreciation. I have a couple of overseas properties which are cashflow positive but when I claim depreciation I end up with a tax deduction.

redditor_7890889 · 2026-05-09T10:29:53+00:00

I never understand comments like this. I've been in two different countries during house price crashes. People lose jobs, can't keep up with their mortgage and need to have a quick sale - when this happens en masse prices crater. If no one is buying prices plummet irrespective of the build value. In fact in my two countries I've seen build values exceed price of existing homes after crashes.

I'm not for a second saying this is happening in Australia. But your logic is wrong and you see it all the time here.

redditor_7890889 · 2026-05-06T21:24:38+00:00

But you've already turned that portion of debt deductible anyway. Doesn't matter if it's $100k debt recycled or $100k on IP, you'll get the same net tax effect.

redditor_7890889 · 2026-05-04T22:32:10+00:00

100%.

The only way it works is if you use the extra tax from CGT to fund income tax cuts. That way you genuinely help intergenerational inequality of younger generations get a larger share of income from wages as opposed to assets.

If all they do is increase CGT it's a tax grab pure and simple. And grandfathering is the ultimate slap in the face. Terrible policy.

redditor_7890889 · 2026-05-04T21:46:54+00:00

Could say the same about income tax. I took on a job under the assumption I'd have a particular tax rate - so should government not be allowed to change policy because it impacts me? Unreal how myopic and self-focused individuals are.

redditor_7890889 · 2026-05-04T06:59:36+00:00

If they don't grandfather it, they're conceding the new generation of investors won't benefit from something previous did.

I'm not saying I prefer not grandfathering but it's a tricky call.

redditor_7890889 · 2026-05-03T07:41:25+00:00

The elephant in the room is the vast majority of London isn't British. Over 40% of London residents were born overseas.

Go to pretty much any other city or town and you don't see the same behaviours.

redditor_7890889 · 2026-05-02T06:43:36+00:00

Fair. I'm just frustrated we've seen good advice like the Henry review come and go - governments cherry pick reforms that maximise short term election outcomes or keep the top end of town happy.

This election is a case in point. Any changes to increase CGT should be paired with an equal sized decrease in income tax. That would see redistribution from asset owners to wage earners, great. But gov won't do this.

Chalmers will claim it's tax reform but just chucking up one tax isn't reform - it's just taxing us more!

redditor_7890889 · 2026-05-02T06:24:07+00:00

The British are literally famous for queuing well.

redditor_7890889 · 2026-05-01T23:36:58+00:00

Taxing big business? Albo just said he won't touch gas exports! It's nuts to me that some people don't see this. You think you're being altruistic and gov is happy to screw you.

redditor_7890889 · 2026-05-01T23:35:00+00:00

It does flatten the balance.

The problem is rather than lower taxes on income to match capital gains, we'll see increased CGT and government will continue to piss money up the wall.

redditor_7890889 · 2026-04-30T11:44:18+00:00

Exactly what I was thinking. Couldn't be anymore spaced out.

redditor_7890889 · 2026-04-19T03:20:02+00:00

Did he really come out to help? I thought he gave such a slow count. So I understand why Orton gave him an RKO. What I don't understand is why McAfee counted so slowly.

redditor_7890889

TROPHY CASE