The EOFY Net Worth Checklist Every Australian Should Run Before 30 June

30 June is the only date in the Australian financial year where every wealth account closes its books at the same moment. Banks finalise interest, super funds reconcile contributions, the ATO opens for lodgment, share registries cut dividend years, and HECS/HELP balances tick up via 1 June indexation. It is the cleanest possible snapshot of your personal balance sheet.

Most Australians treat EOFY as a tax exercise. It is also the most useful net worth checkpoint of the year. This is the checklist to run before 30 June so you start the new financial year with an accurate baseline, claim the contributions and offsets that need to be settled before midnight, and set a credible target for the next 12 months.

Why EOFY is the right moment to take stock (not just for tax)

There are 365 days in a year, but only one of them produces a clean dataset. On 30 June:

• Every Australian super fund publishes a full member statement covering employer SG, member contributions, fees, and investment returns for the year.
• Banks issue interest summaries that match what the ATO will pre-fill in your return.
• Brokers issue annual tax statements for CHESS-sponsored holdings, including franking credits.
• HECS/HELP indexation has been applied on 1 June, so your loan balance reflects the new indexed amount (ATO Study and training loan indexation rates).
• Investment property managers issue full-year income and expense statements for tax.

Running your net worth on any other date forces you to estimate at least three of these inputs. Running it on 30 June lets you use the actual values from the source. It is also the only date where this year's number is directly comparable to last year's, because every other Australian household is also closing books on the same day.

The 30-minute version (printable checklist)

If you only have half an hour before 30 June, do these eight things in order:

1. Pull every account balance — chequing, savings, offset, term deposits — as at end of day 30 June.
2. Log into every super fund (APRA-regulated and SMSF) and screenshot the current member balance.
3. Open every broker — note current portfolio value for CHESS-sponsored and custodial holdings.
4. Open every crypto exchange and self-custody wallet — snapshot AUD value at the same minute.
5. Get a property estimate from PropTrack or CoreLogic for your primary residence and any investment properties.
6. Log into your loan portal — record current balances on owner-occupier and IP mortgages, margin loans, personal loans.
7. Check your HECS/HELP balance on myGov (already indexed on 1 June).
8. Plug everything into a single spreadsheet and subtract liabilities from assets.

That is your EOFY net worth. Save the file with the date in the name (e.g. 2026-06-30-net-worth.xlsx) so next year you can compare apples to apples.

The full checklist

If you have a couple of hours and want to do this properly, the long version is more useful. Six steps.

1. Capture every asset balance at 30 June

Snapshot every account at the same moment. The exact balance matters less than the cohesion — values pulled across three days drift.

• Cash: everyday, savings, HISA, offset, term deposits, foreign currency balances.
• Liquid investments: AU shares (CHESS-sponsored and custodial), ETFs, managed funds, international shares (converted to AUD).
• Crypto: every exchange, every self-custody wallet, every staking position — all snapshots within a 5-minute window.
• Superannuation: APRA-regulated balances and SMSF member balances.
• Property: estimated market values (covered next).
• Other: vested employee shares at intrinsic value, private business equity, material collectibles.

A common EOFY mistake: forgetting an old or low-balance account — a $300 forgotten micro-investing balance, a $1,200 super balance from a former employer. Search myGov for any super accounts you have not consolidated.

2. Run a valuation on property (CoreLogic, comparable sales)

Property is the biggest single line on most Australian balance sheets, so the estimate matters.

Pull a market estimate from at least one Automated Valuation Model — PropTrack (realestate.com.au) and CoreLogic (rpdata) are the most widely used. Domain estimates are a useful third reference.

For a stronger number, cross-check the AVM against recent comparable sales in your suburb (similar bed/bath/parking/land size, within the last six months). Realestate.com.au and Domain both publish recent sold prices.

If you have refinanced or topped up in the last 12 months, the bank's valuation is the best number available — banks are conservative and have skin in the game. Use the bank val if you have it. Record the source and date of each property value next to the number; next year's comparison is much cleaner.

3. Reconcile your super balance (employer contributions YTD)

Your super statement at 30 June is the only one that captures a complete view of the financial year. Three things to verify:

• Employer SG contributions. Compare what your fund received against what your payslips say your employer paid. Gaps happen — most commonly when changing employers mid-year. Chasing prior-year contributions is much harder than chasing current-year.
• Concessional contributions cap. The annual cap (set by the ATO) includes employer SG plus salary sacrifice plus personal deductible contributions. Going over triggers extra tax. If you are close and considering a top-up before 30 June, run the numbers carefully.
• Non-concessional contributions. If you made after-tax contributions during the year, verify they have been credited correctly.

For SMSFs, the trustee should reconcile the prior-year audit position against the opening balance and any in-year asset movements. This is admin work, but a clean reconciliation makes the audit cheaper.

4. Cost basis check on shares and crypto

For CGT purposes you need cost base, not just current value. EOFY is the moment to make sure your records are accurate.

For CHESS-sponsored holdings, your broker provides an annual tax statement showing all buys, sells, dividends, and franking credits. Reconcile against your own records — brokers occasionally miss off-market transfers or DRP allocations.

For custodial platforms (Stake, Superhero, Sharesies, Raiz), download the annual statement and confirm every position has a cost base entry.

Crypto is the hardest. Each disposal — sale, swap, spending crypto, or crypto-to-crypto trade — is a CGT event. Run your full transaction history through crypto tax software (Koinly, CryptoTaxCalculator) and reconcile against exchange records. The ATO has been issuing data-matching letters for several years.

If you are sitting on unrealised losses and have realised gains this financial year, CGT loss harvesting before 30 June is worth real money — more on this below.

5. Review HECS/HELP balance and indexation date

HECS/HELP is the easiest debt to forget because it has no monthly statement. By 30 June, the 1 June indexation has been applied and your balance is at its annual high.

Two things to check:

• The indexation rate this year, published by the ATO at Study and training loan indexation rates. Since 2024, indexation is the lower of CPI or WPI (see HELP indexation rate).
• Your current indexed balance, visible on myGov. Use this exact number for your net worth.

6. Calculate net worth change YoY

Once you have this year's number, pull last year's 30 June figure and calculate three things:

• Absolute change — this year minus last year, in dollars.
• Percentage change — absolute change divided by last year's net worth.
• Decomposition — how much came from contributions (super, savings, mortgage paydown) vs market movement (property and equity returns).

The decomposition is the most useful number. A year where your net worth jumped $80,000 because the property market ran is very different from a year where it jumped $80,000 because you saved aggressively. Markets revert; savings habits compound. Be honest about which one drove the result.

If this is your first EOFY snapshot, you cannot do YoY yet. Save the file dated and you will have a comparison point next year. Most of the value of an EOFY checklist accrues from the second year onwards.

What to do with the result

The snapshot is a tool. Three reactions, depending on which way your number moved.

If your net worth went backwards

A negative year is normal. Markets fall, properties get reassessed, divorces and births and career changes all hit the balance sheet. The question is whether the move was driven by markets or behaviour.

If it was markets — broad equity selloff, property correction in your suburb, crypto winter — you do not need to do anything. Mean reversion is a feature, not a bug. Selling in response to a paper loss locks it in.

If it was behaviour — credit card balance grew, savings rate dropped, HELP balance ticked up while you paid the minimum — that is a signal. Look at the categories that moved most negatively and decide whether they were one-offs or a pattern. Either way: do not change your investment strategy based on one EOFY. Wait for the trend across two or three years.

If you crushed your goal

Resist the temptation to raise the spending bar. Lifestyle creep is the most reliable destroyer of compounding.

If you have a clear surplus and have not yet maximised concessional super contributions, the EOFY weeks are the moment to top up. Concessional contributions made before 30 June count against this year's cap; made after, they count against next year's. Get advice if you are uncertain — but do not let a windfall year drift into the offset account by default. If you have exhausted tax-effective accounts, the next dollar should go to your asset allocation gap, not your bank balance.

Setting next year's number

Your next-year target should be three things:

• Defensible — based on a plausible savings rate plus a plausible market assumption (not 8% real returns every year).
• Decomposable — explicit on how much comes from savings vs market, so you can tell mid-year whether you are on track.
• A range, not a point — give yourself a $30,000–$50,000 band rather than a single number, because markets will not cooperate with a precise target.

The simplest target: this year's net worth + (this year's savings rate × this year's gross household income) + (3% × this year's investable assets). That gives a conservative central estimate. Anything above is a market tailwind; anything below is a market headwind. The savings number is the only one you control.

Tax-time prep that compounds

Three EOFY moves that reach beyond this year's tax return:

• Concessional super top-ups. If you have unused concessional cap and cashflow to spare, a personal deductible contribution before 30 June reduces this year's taxable income and compounds inside super at the 15% earnings rate (or 0% in pension phase) for decades. The catch-up rule (carry-forward unused caps from the previous five years) is one of the most under-used provisions in the Australian tax code. Eligibility depends on total super balance.
• CGT loss harvesting. If you have realised gains this year and unrealised losses elsewhere, selling the losers before 30 June crystallises the loss and offsets the gain. Standard 30-day wash sale considerations apply — selling and re-buying the same security inside that window can have the loss disallowed.
• Prepaid deductions and timing. Income protection premiums and certain investment property expenses can sometimes be prepaid for up to 12 months and deducted in the current year. Worth a 10-minute review of direct debits.

For ATO key dates around lodgment, see Due dates for lodging and paying. Individual returns are due 31 October if self-lodged. None of the above is personal advice — EOFY is the kind of moment where a one-hour conversation with an accountant before 30 June pays for itself.

Doing all of this in 5 minutes with Auravest

The 30-minute version of the checklist is mostly data collection — logging into 8–12 accounts and writing down numbers. The actual thinking happens in the YoY comparison and the targets.

Auravest collapses the data collection into a single screen. Property estimates from PropTrack and CoreLogic update automatically. Super balances (APRA-regulated and SMSF look-through) sync from the source. CHESS-sponsored and custodial share holdings, crypto across exchanges and self-custody wallets, mortgages, and HECS balance all sit on one dashboard.

On 30 June you press refresh and your snapshot is ready. The system stores it permanently so next year's YoY comparison is automatic. If you already maintain a spreadsheet that you actually update — keep using it. If you find yourself running EOFY by reconstructing the last six months of statements, automate it.

Frequently asked questions