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Every 12 months I have been updating the data I keep on Australian house prices measured in ounces of Gold and Silver. Here is the latest update which takes us through to July 2015 (inclusive).
Data for house prices is via Residex (median house price indices).
Data for Gold and Silver prices is via Perth Mint (bid average AUD).
I have added Perth and Adelaide house price charts to the mix this year, but note the time frame is different to Brisbane, Sydney and Melbourne (due to limitations on available Residex data).
Key Figures... See Figures & Charts
Sydney (Ounces to buy a house)
Latest Figures (July 2015): 670oz Gold, 51,028oz Silver
Based on Current Spot Price: 644oz Gold, 50,875oz Silver
So I need maybe 1,590 kilo silver bars for a median home in Sydney (and a few more for stamp duty). That's going to put a bit of a dent in my stack.
Catus amat piscem, sed non vult tingere plantas
The trend is your friend.
"You can ignore reality, but you cannot ignore the consequences of ignoring reality." - Ayn Rand