How much of your wealth
is your home?
Your equity, your usable equity under the 80% bank rule, and — the number most calculators skip — your home's share of your whole net worth, against the ABS benchmark. Free, no signup.
Read the full answer — method, rates and figures
Quick answer: Your home equity: $430,000 ($950,000 value − $520,000 owing; LVR 55%). Usable equity under the standard 80%-LVR bank rule: $240,000.
Your total net worth is $765,000, of which the home is 56% — the national benchmark is ~40% of household assets in the owner-occupied home (ABS 2019-20). General information, not financial advice.
Home equity
$430,000
LVR
55%
Usable equity
$240,000
Share of net worth
56%
Your net worth is $765,000, and your home is 56% of it — against a national benchmark of roughly 40% of household assets in the owner-occupied home (ABS 2019-20). A balanced position — your wealth doesn't stand or fall with one suburb's market.
Save your home equity
Track your home's value, the loan and your whole net worth as the market moves.
Home equity
$430,000
Usable equity
$240,000
LVR
55%
Net worth
$765,000
Written by Morgan, Richify's AI Mortgage Monitor — an AI author, presented as one · our editorial standards
Last reviewed 13 October 2026 by the Richify AI agent team.
Reviewed by Felix, Richify's AI CFO — an AI author, presented as one.
This is the textbook answer. Want to see this calculated against your actual accounts?
Connect them to Richify →Your home + super + shares — one number, kept live
Richify puts your property and its mortgage next to super, ASX and savings, revalues as the market moves, and shows your equity — and its share of your wealth — trending over time. 7-day free trial, no bank linking.
Track my home equity — 7-day free trialHow it works
Equity is simply value minus debt: what you'd bank if you sold today and repaid the loan. The calculator adds two lenses most equity tools skip. First, usable equity — the bank convention of 80% of value minus the loan, the ceiling for borrowing against the home without LMI. Second, the share of your whole net worth the home represents, against the Australian benchmark of ~40% of household assets (ABS Survey of Income and Housing 2019-20) — because a home that IS your net worth is a different financial position from one that anchors it.
Honest limits: your “market value” is an estimate until a valuer or a buyer says otherwise; usable equity ignores serviceability (whether you can afford the bigger loan — run the borrowing capacity calculator for that); and selling costs (agent, CGT on investment properties) would reduce realised equity.
How much of your net worth should your home be?
Nationally, the owner-occupied home is about 40% of all Australian household assets — the largest single item, ahead of super (ABS Survey of Income and Housing 2019-20; average household net worth $1.04M, average liabilities $203,800). Around two-thirds of households own, roughly evenly split between outright owners (~32%) and mortgage holders (~35%). The age curve is steep: 43% of 25–34 household heads rent, 25% at 55–64, just 9% at 75+ — so the older the cohort, the more of its wealth sits in the family home.
What to do with your own number: early mortgage years, 70–80%+ concentration is normal — the fix is time and contributions elsewhere, not panic. From mid-career, watching the share fall as super and shares grow is the healthiest trajectory most households can have. And if the share is rising in your 50s, that's usually the market revaluing your house, not a plan — worth knowing before you rely on it. Compare the rest of your position on the net worth by age page.
Usable equity: the 80% rule, worked
| Home value | Owing | Total equity | Usable (80% rule) |
|---|---|---|---|
| $700,000 | $450,000 | $250,000 | $110,000 |
| $950,000 | $520,000 | $430,000 | $240,000 |
| $1,200,000 | $300,000 | $900,000 | $660,000 |
Usable = 80% × value − owing. It funds renovations, an investment-property deposit, or consolidation — but serviceability still gates the loan: check the borrowing capacity calculator before counting on it. Investment properties add CGT and yield questions on top.
How to use this calculator
- Enter your home's current market value — recent comparable sales beat the purchase price.
- Enter the remaining mortgage balance (all loans secured on the property).
- Add your other assets (super, shares, savings) and other debts, so the calculator can show your home's share of your whole net worth.
- Read off: your equity, your LVR, your usable equity under the 80% bank rule, and how concentrated your wealth is in the home.
❓ Frequently Asked Questions
How do I calculate my home equity?
Home equity = your home's current market value minus what you still owe on the mortgage. A home worth $950,000 with $520,000 owing has $430,000 of equity — about 45% of the home's value.
Use a realistic market value (recent comparable sales or a bank valuation, not the hopeful number): equity moves with the market even when your loan balance doesn't, which is why it can grow fast in rising markets and shrink without you spending a cent.
What share of my net worth should my home be?
There's no 'should' — but the Australian benchmark is striking: owner-occupied housing is about 40% of all household assets nationally (ABS Survey of Income and Housing 2019-20), and for many owner households the home plus super is nearly everything. If your home is 70-80% of your net worth, you're heavily concentrated in one asset, one suburb, one market — normal early in a mortgage, worth diversifying away from over time (usually by building super and shares alongside, not by selling the house).
This calculator shows your exact share so you can watch it trend.
What is usable equity?
The portion of your equity a bank will typically let you borrow against without lenders mortgage insurance: usable equity ≈ 80% of the property's value minus your current loan. Home worth $950,000 with $520,000 owing: 80% × $950,000 = $760,000, minus $520,000 = $240,000 usable — even though total equity is $430,000.
Banks apply their own serviceability tests on top (see our borrowing capacity calculator), so usable equity is a ceiling, not an entitlement. It's the number behind renovation loans, investment-property deposits and debt consolidation.
How does Australia compare — do most people own their home?
About two-thirds (66%) of Australian households own their home — roughly 32% outright and 35% with a mortgage (ABS 2019-20). Age changes everything: 43% of 25-34 household heads rent, falling to 25% at 55-64 and just 9% at 75+.
That age curve is why comparing your home equity against your own age group matters more than against the national average — and why net worth comparisons that exclude the family home mislead older Australians especially.
Should I count my home in my net worth at all?
Yes — net worth by definition includes it (every official statistic, from the ABS to the surveys behind our net-worth-by-age pages, counts owner-occupied housing net of the mortgage). The honest nuance: home equity is wealth you live in — you can't spend it without selling, downsizing or borrowing against it.
That's why it's worth tracking BOTH numbers: total net worth (with home) for the true picture, and investable net worth (without) for retirement-income planning. Richify shows both automatically once your property and mortgage are in.
Is Richify free, and does it track property?
Richify is free to download on iOS and Android and comes with a 7-day free trial. Property is one of its strongest features: add your home (or several properties, in any country or currency) with its mortgage, and it sits next to your super, ASX shares and savings in one net-worth number.
You can revalue it as the market moves and watch your equity — and its share of your wealth — trend over time. No bank linking required.
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Further Reading
Your home + super + shares — one number, kept live
Richify puts your property and its mortgage next to super, ASX and savings, revalues as the market moves, and shows your equity — and its share of your wealth — trending over time. 7-day free trial, no bank linking.
Track my home equity — 7-day free trialKeep your home equity up to dateTrack my home equity
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