Wednesday, August 15, 2012

House Prices in New Zealand v Gold - July, 2012


The statistics are in for the housing market here in New Zealand for July, 2012.




As placed against gold ounces, house prices are decreasing again in value. For Auckland house prices, it takes about 2 ozs of gold less to buy a house in July compared to June. Compare that to what is stated on websites like interest.co.nz and the NZ Herald. They would make you think prices are rampant. Hmm.


Gold in New Zealand dollars: $1987.20 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $34.46 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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