Monday, January 14, 2013

House Prices in New Zealand v Gold - November, 2012

In November, the gold ounce to house price ratio has moved in favour of housing. It now takes 9 gold ounces more to buy the median priced Auckland house than it did in October, and 4 ounces more to buy a median priced house in New Zealand.





Gold in New Zealand dollars: $1985.31 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $36.40 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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