Yes. Your owned property is part of your overall portfolio so it’s important to be included in your net worth.
To add an owned property, just go to assets > property and click on the ‘add a new property’ button in the ‘mortgaged property’ section.
We will ask you for:
- Your address,
- The price you paid for the property when you first bought it; and
- To use the toggles next to any accounts you wish to link to the property. this might include a second mortgage, rennovation loan, offset account etc.
We then use one of our data partners to get the current resale value of your property.
It's important to include the purchase price so we can monitor and show you the equity growth in the properties in your portfolio. This growth can be used in future investments and will be valuable information for both you and your mortgage broker.
Once the property is saved, you can edit by clicking on the green button shown below:
Want to see the change in your equity position? Just click anywhere on the property listing aside from the green box to see the equity growth in your property:
We automatically update property pricing every 90 days to keep you informed on your long-term equity growth.
If you ever sell your property, you can use the side navigation, accessible through the hamburger menu and select ‘manage accounts’. You can then use the supplied toggles to remove the property from our calculations.