Tracking Property.

Why track property in PortWorth?

For most Australians, residential property is the single largest asset on their balance sheet. Tracking it alongside your share portfolio, super, and cash gives you a true net worth, equity minus debt, updated as markets move. PortWorth links your property values to your loans, calculates LVR automatically, and flags when you're approaching lender mortgage insurance territory.

Investment properties also carry tax implications: rental income, depreciation, interest deductibility, and eventual CGT. Keeping accurate records from day one means far less work at tax time.

Step 1: Open the Property Portfolio tab

1. Click Assets in the main navigation bar (top or mobile bottom bar).
2. Select Property Portfolio from the submenu.
3. If the tab is not visible, the Property Portfolio feature is not yet enabled for your account. Contact your PortWorth administrator. It is togglable per user from the admin panel.

Step 2: Add a property

1. Click Add Property (top right of the Property Portfolio tab).
2. Start typing your address. Google Places autocomplete suggests matching Australian addresses as you type. Select the correct one to populate the full address automatically.
3. Choose the property type: House, Unit, Townhouse, Land, or Commercial.
4. Enter property attributes: number of bedrooms, bathrooms, and car spaces. These are used to refine AI valuation comparisons.
5. Set the current value. Use a recent comparable sale, a bank valuation, or your own estimate. You can update this at any time.
6. Tag the property role: Principal Place of Residence (PPR), Investment Property (IP), or Vacant Land. This affects how CGT is calculated on eventual sale.
7. Click Save Property. The property card appears in your portfolio immediately.

Step 3: Link a mortgage

Linking a loan lets PortWorth calculate your LVR and equity position automatically.

1. Click Link Mortgage on the property card (or open the card detail and select the Mortgage tab).
2. Select an existing loan if you have already added it in the Finance tab, or add a new one by entering:
   • Lender name (e.g. CBA, Westpac)
   • Outstanding balance (current amount owing)
   • Interest rate (% p.a.)
   • Repayment type: Principal & Interest or Interest Only
   • Loan term remaining (months or years)
3. PortWorth calculates LVR = Loan Balance ÷ Property Value × 100 and displays it on the property card.

Step 4: Add an offset account

1. Open the property detail panel by clicking the property card.
2. Select the Mortgage tab and click Add Offset Account.
3. Enter the current offset account balance. If you have multiple offset accounts against the same loan, add them separately. PortWorth sums them.
4. The property card now shows both figures:
   • Gross LVR: what your lender sees (no offset deduction)
   • Net LVR: your effective interest exposure (loan minus offset)
5. Update the offset balance whenever it changes materially. Monthly is a reasonable cadence.

Step 5: Track multiple properties

If you own more than one property, repeat Steps 2–5 for each. PortWorth gives each property its own card on the Property Portfolio tab.

1. Add each property separately, one card per property, each with its own loan link, offset, and valuation.
2. Use the filter buttons at the top of the Property Portfolio tab to toggle between All, PPR only, and Investment Properties only.
3. The aggregate portfolio summary at the top of the tab shows:
   • Total property value across all holdings
   • Total debt (sum of all linked mortgages)
   • Total equity
   • Portfolio-level LVR
4. The Overview tab includes your total property equity in the net worth calculation alongside your shares, super, and cash, giving you a single consolidated balance sheet.
5. For investment properties, note the purchase date and purchase price in the property detail. This is used as the CGT cost base if you later sell.

Step 6: Upload a mortgage statement PDF

Mortgage balances change every month as you make repayments. Rather than entering the balance manually each time, PortWorth can read it directly from your lender's PDF statement using AI vision.

1. Open the property detail panel and select the Mortgage tab.
2. Click Upload Statement on the linked mortgage card.
3. Select a PDF from your device. Use the most recent monthly or quarterly statement from your lender. PortWorth does not store the PDF after extraction is complete.
4. PortWorth uses Claude vision to locate the outstanding loan balance on the statement and updates the loan balance field automatically.
5. Currently supported lenders: CBA, Westpac, ANZ, NAB, Macquarie, ING. Other lenders may work, but are not guaranteed.
6. If parsing fails (unsupported format, scanned image PDF, or password-protected file), a manual entry prompt appears. Enter the balance from the statement directly.
7. After the balance updates, LVR recalculates immediately. If the new balance triggers a threshold change (e.g. crossing below 80%), a notification appears.