Wednesday, October 10, 2012

House Prices in New Zealand v Gold - September, 2012

As predicted last month, the gold ounce to house price ratio has moved in favour of gold over the past month. It now takes 5 gold ounces less to buy the median priced Auckland house than it did in August, and 7 ounces less to buy a median priced house in New Zealand.




Gold
in New Zealand dollars: $2159.82 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $41.55 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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