What is David and Belinda$$s total combined wealth comprising of superannuation

balances, savings, share portfolio and real estate at the time of their retirement?

ii$.$ Both David and Belinda are union members, and their salary increases are protected by

their respective enterprise bargaining agreements which guarantee them a salary

increase of $3\%$ per annum. How would their total combined wealth change when the

annual salary increases are accounted for?

Note from Clive: Their super balances can be calculated using the respective current $5-$year

return on investment. The value of the shares can be calculated using their respective historical

returns, the rental income and their annual savings after tax can be invested at an assumed rate

of $4\mathrm{.}5\%$ per annum, the expected capital appreciation on the studio apartment is $5\%$ per annum.

Despite the capital increase on the studio apartment, the annual rent stays the same which is

calculated as the current value of the studio apartment multiplied by the rental yield.