After one of their strongest years on record, superannuation funds have started the financial year with a bang.
Figures from SuperRatings and Chant West show all funds picking up in July.
SuperRatings estimated the median balanced super option, in which about 70 per cent of Australians have their super, put on 3 per cent after a 14.7 per cent jump through 2012-13.
The falling Australian dollar, healthy local equities market and improving property sector all helped give funds a boost.
SuperRatings' founder Jeff Bresnahan said the result was exceptional but he was cautious.
"Whilst this is no doubt a positive, superannuation members should remain focused on the longer term to ensure their retirement savings portfolio remains appropriate for their circumstances and goals," he said.
The firm estimated $100,000 invested a decade ago in a cash index fund would now be $152,000 but a similar amount in a balanced fund would be $194,000.
Since early 2009 in the global financial crisis, balanced funds have put on about 51 per cent.
Chant West estimated median growth funds, which allocate 60 to 80 per cent of their assets to growth areas, added 3.1 per cent in July. All growth funds added 4.6 per cent to be 25 per cent higher over the past year and balanced funds are up 13.4 per cent.
Principal Warren Chant said growth funds were 14 per cent up on their pre-GFC high, though Australian shares were still 4.6 per cent below their late 2007 high. This highlighted the importance of spreading investments.The impact of the lower dollar on super investments was stark. While international shares rose 4.7 per cent in July, they lifted 7.4 per cent in Australian terms.