For most Australians, property is the single largest line on the net worth statement. Auravest tracks properties either with an automated valuation or a value you set manually.
Adding a property
- From the dashboard, click Add Asset.
- Choose Property as the asset type.
- Enter the street address. Auravest queries an Australian property data source and returns an estimate where available.
- Enter your purchase price, purchase date, stamp duty, and LMI if you want a full cost base for CGT estimates later.
- Save.
Automated vs manual valuation
The estimate is a starting point — it's based on recent comparable sales for the address. It doesn't know about renovations, an unusual floor plan, or a bank valuation you had done last month.
If the estimate is wrong, toggle off the auto-update switch on the asset and enter your own figure. Sources you might use:
- A recent bank valuation
- A real estate agent's comparative market analysis
- A formal sworn valuation
Linking a mortgage
A property without its mortgage shows the gross value, not your equity. To fix this:
- Go to the Liabilities tab.
- Add the mortgage and link it to the property.
- Auravest will compute your equity and loan-to-value ratio automatically as the principal is paid down.
SMSF properties
If the property is held inside a Self-Managed Super Fund, tick Held in SMSF when you add it. This segregates it from your personal net worth in reports — see Managing SMSF assets.