# It Takes Less Gold to Own a Sydney Property Today Than in 1970 **URL:** \ **Category:** Discussions & news\ **Created:** [10 June 2025 05:31 UTC](https://community.sharesight.com/t/it-takes-less-gold-to-own-a-sydney-property-today-than-in-1970/1884 "2025-06-10T05:31:59Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![RickyYeo](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/rickyyeo/32/854_2.png) [@RickyYeo](https://community.sharesight.com/u/RickyYeo)\ **Post date:** [10 June 2025 05:31 UTC](https://community.sharesight.com/t/it-takes-less-gold-to-own-a-sydney-property-today-than-in-1970/1884/1 "2025-06-10T05:31:59Z")
I came across a fascinating comparison on Reddit that looked at gold prices, median salaries, and Sydney house prices from the 1970s to today. ![Screenshot 2025-06-10 at 3.31.04 pm](https://global.discourse-cdn.com/sharesight/original/1X/b50c0ec78d407d30209697bce5c28507346981ca.png) In 1970, gold was trading at around AU$37 per ounce, compared to about AU$5,200 in early 2025 — a 140x increase over 55 years. Sydney’s median house price rose from AU$18,700 to AU$1.6 million, a ~86x increase. Meanwhile, the average annual salary only increased ~23x, from AU$4,196 to AU$98,000. That wage-to-house price gap is striking: In 1970, it took 4.5 years of salary to buy a median-priced house. Today, it takes about 16.3 years. But when you look at gold versus house prices, the picture flips. In 1970, it took 505 ounces of gold to buy a Sydney home. In 2025, it will take only about 308 ounces. ---
**Author:** ![prashant.mohan](https://avatars.discourse-cdn.com/v4/letter/p/f14d63/32.png) [@prashant.mohan](https://community.sharesight.com/u/prashant.mohan)\ **Post date:** [27 August 2025 23:44 UTC](https://community.sharesight.com/t/it-takes-less-gold-to-own-a-sydney-property-today-than-in-1970/1884/2 "2025-08-27T23:44:30Z")
This is a fascinating piece of analysis Ricky. Thanks for the share.