Australian Houses Priced in Gold / Silver Ounces (2015)

Every 12 months I have been upgrading the data I go on Australian property prices measured in ounces of Gold as well as Silver. Right here is the most up to date update which takes us with to July 2015 (inclusive). Information for property prices is through Residex (average residence consumer price index). Information for Gold and Silver costs is by means of Perth Mint (bid average AUD). I have actually included Perth and Adelaide house cost graphes to the mix this year, but note the time frame is different to Brisbane, Sydney and also Sydney (due to constraints on readily available Residex information). Key Numbers:

Adelaide (Ounces to purchase a home)

Housing Top Against Gold (February 2005): 501oz GoldLatest Numbers (July 2015): 282oz Gold, 21,439 oz Silver

Based on Current Spot Rate: 271oz Gold, 21,375 oz Silver

Brisbane (Ounces to acquire a house)

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

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

Based on Current Place Cost: 309oz Gold, 24,375 oz Silver

Melbourne (Ounces to purchase a residence)

Priceless Metals Peak (January 1980): 67oz Gold, 1181oz Silver

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

Based on Current Spot Price: 432oz Gold, 34,150 oz Silver

Perth (Ounces to get a house)

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

Newest Figures (July 2015): 342oz Gold, 26,078 oz Silver

Based upon Existing Area Cost: 329oz Gold, 26,000 oz Silver

Sydney (Ounces to purchase a home)

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

Housing Optimal Versus Gold (February 2004): 1100oz Gold

Most recent Figures (July 2015): 670oz Gold, 51,028 oz Silver

Based upon Current Spot Rate: 644oz Gold, 50,875 oz Silver

(Place Price ratio computed on A$ 20oz for Silver, A$ 1580oz for Gold and July residence costs)

A sight, Gold has actually surpassed most capitals considering that the last upgrade, increasing from $1360 in June 2014 to $1518 in July 2015. This has resulted in many cities seeing the proportion fall. That is with the exemption of Sydney where home rates have actually outshined Gold and also increased a blistering 21 % YoY to July 2015.

It's additionally intriguing just how much later the peak for Perth property (to Gold) came as house rates expanded there into 2006/2007.

My view going ahead has not really transformed from my update last year: "Over the very same period (following 3-5 years) I expect rising gold and silver costs and also a reduced Australian Dollar, so do believe investors stacking ounces for the eventual acquisition of a home will certainly be compensated (even those in Sydney). Only time will inform if I correct."

Below are the graphes (click any kind of to enlarge).


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