Although it is typically assumed that property will be divided equally between each party, this is not always the case. There is no formula that the courts use to determine a property settlement. However, there are a few guiding principles that the property settlement is based on. They are:
The totality of your assets measured against your debts
The direct financial contributions each party brought to the marriage or de facto relationship (wage and salary earnings, etc.)
Indirect financial contributions by each party such (gifts, inheritance, etc.)
Non-financial contributions to the marriage or de facto relationship (childcare, homemaking, etc.)
Future requirements (a court will take into consideration age, health, financial resources, care of children and future earning ability)
Each situation is unique and will depend on the individual circumstances of your situation.