Hammer Falls on Housing Auctions in Australia

Hammer Falls on Housing Auctions in Australia

Ian Waldie/Bloomberg

The Sydney Harbour Bridge is seen above the houses in Point Piper, a harborside suburb of Sydney, Australia. Homes sold via auctions in Sydney fell to 12.8 percent of total sales in the threemonths ended November, from a peak of 15.7 percent in the quarter to Nov. 30, 2010.