Friday, April 12, 2013

House Prices in New Zealand v Gold, March 2013

In March, 2013, the gold ounce to house price ratio has moved in favour of property. It now takes 13 gold ounces more to buy the median priced Auckland house than it did in February, and 9 ounces more to buy a median priced house in New Zealand.





This leaves the ratio back to where it was at the end of 2008 and the end of 1994.

Gold in New Zealand dollars: $1808.81 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $32.05 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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