Australian Houses Priced in Gold / Silver Ounces (2015)

Every YEAR I have actually been updating the data I go on Australian home prices determined in ounces of Gold as well as Silver. Right here is the most recent update which takes us through to July 2015 (comprehensive). Information for house costs is through Residex (median home consumer price index). Data for Gold as well as Silver costs is through Perth Mint (bid typical AUD). I have actually included Perth and Adelaide home rate charts to the mix this year, however keep in mind the moment framework is different to Brisbane, Sydney and Melbourne (as a result of restrictions on offered Residex data). Trick Figures:

Adelaide (Ounces to purchase a home)

Real estate Top Versus Gold (February 2005): 501oz GoldLatest Figures (July 2015): 282oz Gold, 21,439 oz Silver

Based on Existing Place Cost: 271oz Gold, 21,375 oz Silver

Brisbane (Ounces to buy a house)

Rare-earth elements Peak (January 1980): 62oz Gold, 1091oz Silver

Real estate Optimal Versus Gold (February 2004): 600oz GoldLatest Figures (July 2015): 321oz Gold, 24,448 oz Silver

Based on Present Place Price: 309oz Gold, 24,375 oz Silver

Sydney (Ounces to acquire a house)

Rare-earth elements Peak (January 1980): 67oz Gold, 1181oz Silver

Real estate Optimal Against Gold (February 2004): 661oz GoldLatest Figures (July 2015): 450oz Gold, 34,253 oz Silver

Based on Existing Spot Cost: 432oz Gold, 34,150 oz Silver

Perth (Ounces to acquire a residence)

Housing Optimal Against Gold (July 2007): 642oz Gold

Most current Numbers (July 2015): 342oz Gold, 26,078 oz Silver

Based upon Current Spot Cost: 329oz Gold, 26,000 oz Silver

Sydney (Ounces to get a home)

Priceless Metals Peak (January 1980): 103oz Gold, 1811oz Silver

Real estate Top Against Gold (February 2004): 1100oz Gold

Latest Numbers (July 2015): 670oz Gold, 51,028 oz Silver

Based on Existing Area Rate: 644oz Gold, 50,875 oz Silver

(Place Rate ratio relied on A$ 20oz for Silver, A$ 1580oz for Gold and also July home rates)

A factor of passion, Gold has actually outshined most resources considering that the last upgrade, rising from $1360 in June 2014 to $1518 in July 2015. This has resulted in most cities seeing the proportion fall. That is with the exception of Sydney where house costs have exceeded Gold and also rose a blistering 21 % YoY to July 2015.

It's likewise appealing just how a lot later the peak for Perth residential property (to Gold) came as residence prices thrived there right into 2006/2007.

My view going ahead has not really changed from my upgrade in 2014: "Over the same duration (following 3-5 years) I anticipate increasing gold and silver prices and a lower Australian Buck, so do think capitalists piling ounces for the eventual purchase of a house will be compensated (even those in Sydney). Only time will certainly inform if I correct."

Right here are the records (click any sort of to enlarge).


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