Hammer Falls on Housing Auctions in Australia

Hammer Falls on Housing Auctions in Australia

Brendon Thorne/Bloomberg

A residential building stands in the suburb of Waterloo in Sydney. The median price for houses and apartments across all regions in Australia was A$315,000 ($327,000) as of Nov. 30, according to RP Data. That compares with $147,800 in the U.S., Zillow.com figures show.