The Net Worth Tracker
Built for Australians
Handles super, HECS, AUD, FHSS, ASFA benchmarks, and negative gearing. Free. No bank linking. The Australian-specific net worth tracker that US apps can't be.
What is a net worth tracker, and why do Australians need a different one?
A net worth tracker totals everything you own and subtracts everything you owe, then shows you how that number is growing (or shrinking) over time. The maths is simple — assets minus liabilities. The complexity is in which assets and liabilities you can model accurately for your country.
For Americans, the standard stack is 401(k) + Roth IRA + brokerage + home equity + mortgage. US-first apps like Mint, YNAB, and Personal Capital / Empower were built around those primitives. None of them natively model the things that dominate an Australian household's net worth: superannuation (often 30-50% of total), HECS-HELP debt (indexed every June 1), FHSS for first-home savings, negative gearing on investment property, and AUD as the home currency. You can fudge each of those as a generic line item, but the projections, tax modelling, and benchmarking break down because the engine doesn't understand Australian rules.
The Australian net worth components US apps miss
- Superannuation. The Superannuation Guarantee rate is 12% of OTE for the 2025-26 financial year. The concessional contribution cap is $30,000/yr; the non-concessional cap is $120,000/yr. A working Australian on $90K with 30 years of contributions reaches ~$700K-$1M in super at preservation age. US apps either don't represent this at all or shoehorn it into a 401(k) field with the wrong tax treatment.
- HECS / HELP debt. Repayment thresholds and rates change every FY. The 2025-26 minimum repayment threshold sits around $54-56K with rates scaling 1% → 10% across income bands. Indexation hits every 1 June using a min(CPI, WPI) calc post-2024. None of this is in US-first apps; HECS just becomes a generic liability with no projection.
- FHSS — First Home Super Saver scheme. Allows voluntary concessional contributions of up to $15,000/yr and a total $50,000 cap withdrawable for a first home deposit. The deemed-earnings calculation uses the SIC rate. Australia-specific; absent from every US-first app.
- Negative gearing. A genuine Australian quirk — losses on investment property reduce your assessable income. After Stage 3 (1 July 2024), the marginal-rate maths shifted: rates cut 19→16% and 32.5→30%; middle band raised from $45-120K to $45-135K. Tax benefit on an $18.5K negative gear ranges from $2,973 (16% bracket) to $8,361 (45% bracket).
- AUD. The whole portfolio needs to be denominated in Australian dollars with proper FX handling for any USD-denominated holdings (international ETFs, IBKR positions). Single-currency US apps either show wrong totals or force you to convert manually.
Median Australian net worth by age (ABS 2023-24)
Benchmarking against an average is misleading because a handful of ultra-wealthy households pull the mean up dramatically. Use the median — that's what a typical household at your age actually has.
| Age | Median | Top 10% | Bottom 25% |
|---|---|---|---|
| 25-34 | $340K | $1.5M+ | $28K |
| 35-44 | $780K | $2.4M+ | $95K |
| 45-54 | $1.15M | $3.1M+ | $210K |
| 55-64 | $1.4M | $3.9M+ | $320K |
| 65+ | $1.1M | $3.5M+ | $280K |
Source: ABS Survey of Income and Housing 2023-24, HILDA Survey 22.
Richify vs Mint, YNAB, and Personal Capital — feature comparison
Where Australia-specific features matter: super, HECS, AUD, FHSS, negative gearing, ASFA benchmarks. Richify is the only app of the four with native support.
| Feature | Richify | Mint | YNAB | Empower |
|---|---|---|---|---|
| Superannuation tracking | ✓ Native — ASFA benchmarks, contribution caps, salary sacrifice projection | ✗ Not supported (US 401(k) only) | ✗ Not supported (budgeting focus) | ✗ Not supported (US 401(k) / IRA only) |
| HECS/HELP debt + indexation | ✓ Native — June 1 indexation projection | ✗ Discontinued March 2024 | △ Manual liability only | ✗ Not supported |
| AUD as primary currency | ✓ Yes | ✗ USD only | △ AUD supported but spending-focused | ✗ USD only |
| FHSS first-home deposit scheme | ✓ Native — $50K cap, withdrawal eligibility | ✗ Not supported | ✗ Not supported | ✗ Not supported |
| Negative gearing tax modelling | ✓ Native — Stage 3 brackets, CGT discount, depreciation | ✗ Not supported | ✗ Not supported | ✗ Not supported |
| Stamp duty by AU state | ✓ All 8 states + first-home concessions | ✗ Not supported | ✗ Not supported | ✗ Not supported |
| ABS / HILDA age-cohort benchmarks | ✓ Median, top-10%, bottom-25% | ✗ US Federal Reserve SCF only | ✗ No benchmarks | ✗ US benchmarks only |
| AI agent-led portfolio analysis | ✓ Felix + Morgan/Hank/Deepa team | ✗ Service discontinued | ✗ Budgeting chatbot only | △ Human advisor (paid) |
| Privacy — no bank credentials stored | ✓ Manual entry by design | ✗ Plaid bank-linking required | △ Direct import or manual | ✗ Plaid bank-linking required |
| Pricing | Free • Pro US$9.99/mo or US$99/yr | N/A (shut down) | US$14.99/mo or US$109/yr | Free tracking; advisory 0.89%/yr |
How Richify's AI agents read your Australian net worth
A net worth number on its own is just a number. Richify's agent team analyses what's inside it.
- 🤖 Felix — super-agentThe conversational entry point. Asks about your goals (FHSS deposit, FIRE, retirement at 60 vs 67) and coordinates the specialist agents based on what your net worth composition actually looks like.
- 🏠 Morgan — refinance watchdogFor mortgaged Australians, monitors when refinance makes sense — break-even months on cashback offers, rate-differential payback, fixed-vs-variable timing. Critical when half your net worth is property equity.
- 🔎 Hank — deep-dive analystRuns on-demand analysis on specific questions — is your super on track for ASFA comfortable? Should you salary-sacrifice or contribute non-concessionally? Is the FHSS-to-deposit path faster than a savings account? Hank shows the maths.
- ⚖️ Deepa — diversification agentWatches concentration risk. For most Australians, that means heavy weight in residential property + super defaults often heavy in domestic equities + sometimes a single-employer share scheme. Deepa flags it.
Related Australian tools
❓ Frequently Asked Questions
What is the best net worth tracker for Australians in 2026?
For Australian-specific net worth tracking — superannuation balances, HECS-HELP debt indexation, AUD-denominated portfolios, FHSS, negative gearing, ASFA/ATO benchmarks — Richify is purpose-built. US-first apps like Mint (shut down by Intuit in March 2024), YNAB, and Personal Capital / Empower do not natively model super, HECS, FHSS, or AUD as a home currency. Australian-built apps Frollo and Pocketbook focus on transaction aggregation rather than multi-asset net worth analysis. Richify is manual-entry by design — no bank credentials stored, no Plaid integration today (Plaid is on the roadmap).
Why don't Mint, YNAB, or Personal Capital work for Australians?
They were built around US tax structures, US dollar accounts, and US retirement vehicles (401(k), IRA, HSA). None of them model superannuation contributions or preservation-age rules; none of them handle HECS/HELP indexation (which compounds against your debt every June 1); none of them surface ASFA retirement standards ($595K single / $690K couple); none of them treat the FHSS scheme as a deposit vehicle. Mint went further and shut down entirely in March 2024 — Intuit migrated US users to Credit Karma, which is also not Australia-aware. For Australians, US-first apps either silently miss your biggest asset class (super, often 30-50% of household net worth) or force you to fudge it as a generic ‘investment account’ with no tax treatment.
What should a net worth tracker include for Australians?
A complete Australian net worth view should include: (1) Superannuation balance across all funds — APRA-regulated, SMSF, and lost super claimed via myGov. (2) ASX-listed shares and ETFs in AUD. (3) Property — owner-occupied plus investment, with negative gearing impact and depreciation. (4) Cash — offset accounts, term deposits, high-interest savings. (5) HECS/HELP debt with annual indexation. (6) Investment properties' rental income and capital growth. (7) Other liabilities — mortgages, car loans, credit cards, BNPL. Richify's net worth view rolls all of these into a single AUD figure and benchmarks against ABS Survey of Income and Housing medians by age cohort.
How does Richify benchmark my net worth against the Australian average?
Richify uses ABS (Australian Bureau of Statistics) and HILDA Survey data — the same datasets used by the RBA, ATO, and most academic personal-finance research. Median Australian household net worth by age (ABS 2023-24): 25-34 ($340K), 35-44 ($780K), 45-54 ($1.15M), 55-64 ($1.4M), 65+ ($1.1M). Note these are MEDIANS — averages are pulled significantly higher by ultra-wealthy households and are not a useful benchmark. Richify shows you the median for your age cohort plus the top-10 and bottom-25 percentile lines so you understand the distribution, not just one number.
Does Richify connect to my super fund or bank account?
No. Richify is privacy-first and manual-entry by design — no bank credentials stored, no super-fund API connections, no Plaid or Basiq integration. You enter balances yourself from your super statement, brokerage app, or bank app. This is a deliberate trade-off: you give up automation, you gain the assurance that no third-party data aggregator can be breached and expose your full financial picture. Plaid connectivity is on the roadmap but is not currently shipped.
Is Richify free?
Yes — Richify is free to download on iOS and Android. Core features including net worth tracking, AI chat with Felix, financial goal setting, and 22+ free Australian calculators (super, HECS, FIRE-Australia, negative gearing, stamp duty by state, FHSS, drawdown) are available at no cost. Pro is US$9.99/month or US$99/year (App Store and Google Play set the actual local AUD price per region) and unlocks the full specialist agent team — Morgan (refinance watchdog), Hank (deep-dive analysis), Deepa (diversification).
Who is Felix and how does AI help with net worth tracking?
Felix is Richify's AI super-agent and conversational entry point. Rather than just showing you a number, Felix analyses the composition of your net worth — is too much concentrated in your principal residence? Is your super under-contributed for your age? Are you carrying HECS at an indexation rate higher than your offset account is earning? Felix coordinates a team of named specialists: Morgan watches your mortgages for refinance opportunities, Hank runs deep-dive cashflow and portfolio analysis, Deepa watches concentration risk across asset classes and geographies. The AI agents are the differentiator vs a generic spreadsheet net worth view.
Can I track multiple investment properties in Richify?
Yes. Richify tracks each property independently with purchase price, current valuation, rental income, operating expenses, mortgage balance, and equity. Per-property metrics include cap rate, cash-on-cash return, net operating income, and gross rent multiplier. The portfolio-level view rolls all properties into your overall net worth alongside super, ASX, cash, and other assets — important for Australians who treat property as a major (often the biggest) net worth component.
Try the Australia-native net worth tracker
Free on iOS and Android. No bank linking. Felix + the agent team is included.
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