Tuesday, November 22, 2011

House Prices and Gold: Latest Figures

Here are the October figures for the median house price to gold ounces ratio. It now takes seven gold ounces less to buy a house in Auckland in October (213) than it did in September (220). Since the highs in New Zealand of 2005, it takes 422 ounces less to buy a house in Auckland, New Zealand (635 down to 213).




Gold in New Zealand dollars: $2240.28 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $42.11 per oz
Previous all-time high: $59.19
per oz (30 Apr, 2011)
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