Australia Home Prices Drop 3.7% as Banks Doubt 2012 Rebound

Australia Home Prices Drop 3.7% as Banks Doubt 2012 Rebound

Brendon Thorne/Bloomberg

Residential buildings stand in the suburb of Waterloo in Sydney. Prices in the top 20 percent of suburbs, which peaked in August 2010, fell 7.3 percent in October from a year earlier.