Glossary · Financial Portfolio

What is net worth?

Net worth is the total value of assets in the chosen scope less the total liabilities in that same scope. It is a snapshot based on the values and balances used.

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Plain English. Australian context.

Net worth

Know what the term means, what it does not mean and where to go next.

Meaning & context

What it means for your records.

Plain-English information to help you organise your financial picture.

Financial Portfolio editorial team
Australian record-keeping context
Updated 7 October 2026

Put it into context

An Australian household recording A$900,000 of assets and A$320,000 of debts has an estimated net worth of A$580,000. The calculation does not show what the household could spend today or receive after selling assets. Use dates and a consistent household or individual scope. A common mistake is entering a home's full value, subtracting its mortgage, then adding the home's equity as another asset. ASIC Moneysmart's calculator explains the same core calculation.

How do I calculate net worth in Australia?

Add assets, subtract liabilities and check that each item is counted once. Use the free net worth calculator for a snapshot.

Does net worth include super?

Superannuation is commonly included in a broad wealth snapshot, using a recent statement. Access to super is governed separately.

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What is net worth?

Net worth

What it means for your records.

Put it into context

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