---
title: Should you include your home in your net worth?
url: https://wealthscout.app/updates/should-you-include-your-home-in-net-worth
category: Property
updated: 2026-08-23
---

# Should you include your home in your net worth?

Source: https://wealthscout.app/updates/should-you-include-your-home-in-net-worth

Yes. Include the home at a supportable current value and include the mortgage as a separate liability. The difference is home equity. Keep that equity separate from cash and listed investments because using it normally requires a sale, refinance or new borrowing.

## Takeaways

- A home is an asset, but it is an illiquid consumption asset.
- Track 'Total Net Worth' for your legacy, and 'Liquid Net Worth' for your retirement timeline.
- Keep property wealth separate from liquid wealth so the total does not overstate your actual spending power.

**Scope.** This treatment is for a personal net-worth record. Tax, social-security, lending and family-law assessments may treat a principal residence differently.

## Record the home without overstating flexibility


## Questions

## Sources

- [Net worth calculator](https://moneysmart.gov.au/managing-debt/net-worth-calculator) — Moneysmart
- [Market valuation of assets](https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/market-valuation-of-assets) — Australian Taxation Office