What's your postcode worth?

Woman on balcony

What’s a postcode worth? If you’re talking about lost or unclaimed superannuation it can be millions of dollars. 

According to the Australian Taxation Office (ATO), there was almost $14 billion in unclaimed super throughout the country in 2020.  

But those numbers vary wildly from postcode to postcode. Some suburbs are awash with unclaimed money, others aren’t.   

If you want to see how your neighbourhood stacks up, and how to check if any of that money is yours, keep reading. 

Looking for lost super 

If you’ve held a number of jobs over the years, there’s a good chance you have some old and forgotten super accounts. Some of that money may have also been moved to the ATO if your accounts were inactive or the balance was low. This prevents fees and charges from eroding your savings. 

Tracking down your unclaimed money and consolidating it in your super account is easy. Simply log into your account and select ‘Find my Super’ from the drop-down menu. 

The search function will find any superannuation currently held with the government or other funds. Moving it all into one account is as simple as pressing a button. 

If you prefer, you can also use the government’s MyGov website to search for lost and/ or forgotten super accounts. 

Lost super by postcode  

Looking at lost or unclaimed super in different postcodes offers some interesting data.  

Sydney’s CBD, Cairns and Bondi have the most unclaimed super by suburb, with a total of $142 million up for grabs.  

Conversely, Toorak in Melbourne has just $12 million in lost super, and Vaucluse in Sydney just over $7 million.  

Those numbers tell a story; towns and suburbs with a high number of students, share houses, part-time workers and young professionals tend to have more lost or unclaimed money than their counterparts across town.   


Top 10 postcodes for lost super

Postcode 

Suburbs Included  

Lost Super Value 

2000 

Sydney, Barangaroo, 
Haymarket 

$63.6 million 

4870 

Cairns, Brinsmead,
Bungalow, Earlville,  

$40.2 million  

2026 

Bondi, Bondi Beach,
North Bondi, Tamarama 

$38.4 million 

2138 

Concord West, Liberty Grove,
Rhodes 

$38 million 

2010 

Darlinghurst, Surry Hills 

$37.6 million  

2170 

Casula, Chipping Norton,
Hammondville, Liverpool, 

$37.3 million  

4740 

Alexandra, Beaconsfield, 
Mackay, Blacks Beach 

$36.6 million  

4350 

Toowoomba, Centenary Heights,
Cotswold Hills  

$36.5 million 

3030 

Derrimut, Point Cook,
Werribee, Werribee South 

$33.4 million  

2560 

Airds, Ambarvale, Appin,
Blair Athol, Campbelltown 

$32.2 million 

 

If we look at the numbers on a state-by-state basis we can see that NSW has the most unclaimed super, with $3.4 billion looking for a home. The less populated Northern Territory and Tasmania only have $300 million between them. 


Lost super by state

State Or Territory 

Total Number Of Accounts 

Total Value Of Lost And Unclaimed Super 

ACT 

29,343 

$231,233,561 

NSW 

722,786 

$3,468,040,658 

NT 

35,278 

$160,919,644 

QLD 

503,718 

$1,952,341,858 

SA 

123,548 

$798,074,878 

TAS 

34,858 

$134,703,767 

VIC 

489,398 

$2,272,046,530 

WA 

263,520 

$1,295,545,900 

Invalid 

20,523 

$514,873,211 

Finding lost super makes sense 

Having all your super in one account means you save money, since you're not doubling up on fees. It also allows you to manage your super from one account, which makes things nice and easy. 

And speaking of easy. You can check for lost super and consolidate it with your account in minutes. Simply log into your account and select ‘Find my Super’ from the drop-down menu. You’ll be given a list of all your super accounts and can combine them with the click of a button.* 

Find your lost super

Log in to your account and check for lost and forgotten super.

*Before you close your other accounts you should check if you have any insurance cover through them which you might need.   

Authorised by Togethr Trustees Pty Ltd (ABN 64 006 964 049; AFSL 246383) ('Trustee') the trustee of the Equipsuper Superannuation Fund (ABN 33 813 823 017). Catholic Super is a division of the Equipsuper Superannuation Fund (ABN 33 813 823 017). Financial advice services may be provided to members by the trustee's related entity. 

Togethr Financial Planning Pty Ltd (ABN 84 124 491 078; AFSL 455010). The information contained herein is general information only. It has been prepared without taking into account your personal investment objectives, financial situation, or needs. It is not intended to be, and should not be, construed in any way as investment, legal or financial advice. Please consider your personal position, objectives, and requirements before taking any action. Past performance is not a reliable indicator of future performance.

© 2020 Togethr Trustees Pty Ltd. For further information please our contact our Service Centre on 1300 655 002 or visit our website: csf.com.au.