Rate Rise But There’s Still Opportunity If You Know Where To Look
The latest move from the Reserve Bank of Australia saw the cash rate increase by 0.25% to 4.10%. But it's not all bad news.
You could be owed unclaimed money from old bank accounts or shares. For home buyers, it may help boost a deposit or reduce how much you need to borrow.
If you’re saving for a home deposit, planning a renovation, or looking at your next investment property, every extra dollar helps. What many Australians don’t realise is that billions of dollars in unclaimed money is currently sitting with government agencies, and some of it could be theirs. It often comes from old bank accounts, forgotten shares, lost super, or funds left behind after moving house or changing jobs.
The best part is that checking doesn’t cost anything. You don’t need a lawyer, a broker, or a paid service. In just a few minutes online, you can search for unclaimed money in your state or territory and, if there’s a match, apply to have it returned to you.
If you’re working towards buying, renovating, or investing, it’s a simple check that could help boost your deposit, reduce what you need to borrow, or cover some upfront costs.
Unclaimed money is generally funds that couldn’t be paid to the rightful owner because they couldn’t be contacted. Common examples include:
Old bank accounts that haven’t been used for years
Unclaimed dividends or shares
Refunds or proceeds from closed financial products
Lost superannuation
Money held from deceased estates
Rental bonds or trust money (in some states)
In most cases, businesses are legally required to transfer these funds to a government authority after a set period. The money doesn’t disappear — it just waits until someone claims it.
Each state and territory has its own unclaimed money system, usually run by revenue offices or consumer agencies. These often hold funds that don’t fall under federal rules.
Revenue NSW Unclaimed Money Register (search & claim):
🔗 https://www.revenue.nsw.gov.au/unclaimed-money
Direct unclaimed money search portal:
🔗 https://unclaimed-money.revenue.nsw.gov.au/ucm/search
State Revenue Office Victoria – Unclaimed Money:
🔗 https://www.sro.vic.gov.au/unclaimed-money
Victorian Unclaimed Money Register Search:
🔗 https://www.sro.vic.gov.au/unclaimed-money/search-your-unclaimed-money
Public Trustee of Queensland – Unclaimed Money Search:
🔗 https://www.pt.qld.gov.au/other-services/unclaimed-money/search-unclaimed-money
WA Department of Treasury and Finance – Unclaimed Money (search & info):
🔗 https://www.wa.gov.au/service/business-support/business-accounting-and-reporting/unclaimed-money
SA Department of Treasury and Finance – Unclaimed Money Search:
🔗 https://unclaimedmoney.treasury.sa.gov.au/s/search-for-unclaimed-money
Tasmania Treasury – Unclaimed Money Listings & Claim Forms:
🔗 https://www.treasury.tas.gov.au/budget-and-financial-management/guidelines-instructions-and-legislation/unclaimed-money
Public Trustee and Guardian – Unclaimed Money (ACT):
🔗 https://www.ptg.act.gov.au/unclaimed-money
Northern Territory Treasury & Territory Revenue Office – Unclaimed Money Info:
🔗 https://treasury.nt.gov.au/dtf/territory-revenue-office/unclaimed-money
The main place to check is the Australian Securities and Investments Commission (ASIC).
ASIC holds unclaimed money from:
Banks and credit unions
Insurance companies
Investment products
Shares and dividends
You can search the ASIC Unclaimed Money Register for free using your name, previous names, or business name. If you find a match, you can submit a claim online with proof of identity. There’s no cost, and ASIC doesn’t take a cut.
It’s also worth checking lost superannuation through your myGov account. Many Australians have multiple super accounts they’ve forgotten about, especially if they’ve changed jobs frequently. Consolidating super can make a real difference to long-term balances, but that’s something to consider carefully before acting.
There are private companies that offer to “find” unclaimed money for a fee. While some are legitimate, they usually search the same public databases you can access yourself, then charge a percentage of whatever you recover.
You don’t need to pay anyone to search ASIC or state registers. If you’re unsure about a claim process or documentation, getting professional advice can help, but the search itself should always be free.
Finding unclaimed money won’t usually change your life overnight, but it can be a useful boost. Some people uncover a few hundred dollars, others find thousands, mainly from shares or superannuation.
If you’re reviewing your finances anyway, maybe thinking about a home loan, a refinance, or cleaning up old debts, it’s a good reminder to make sure everything is working efficiently for you. Money that’s forgotten is money that’s not helping you reduce interest, build savings, or strengthen your borrowing position.
Checking for unclaimed money is one of those rare financial tasks that’s:
Even if you find nothing today, you’ll know you’ve covered your bases. And if something does turn up, it’s a nice reminder that staying organised with your finances really does pay off.
If you’re already reviewing your situation, whether it’s buying, refinancing, or just making sure your money is working as hard as possible, feel free to reach out. I’m always happy to help you look at the bigger picture and make sure no opportunities are slipping through the cracks.
