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<div>
	Zhiping Zhou was fighting the sale of his house in a Melbourne suburb, which was repossessed over a 98,000-Australian-dollar debt.</div>
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	The buyer told the Victorian Supreme Court that the transaction was legal because no reserve price was set for the auction.//DPA</div>

Australian's repossessed home sold for 1,000 dollars

<p style="margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:107%"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt"><span style="line-height:107%">Nongluck is a senior economic journalist covering the macroeconomics, real estate, and corporate investment strategies driving growth across Thailand and Southeast Asia</span></span><span lang="TH" style="font-size:18.0pt"><span style="line-height:107%"><span style="font-family:&quot;Angsana New&quot;,serif">.</span></span></span></span></span></span></p>

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<p>Jarupong is a reporter and translator specialising in technology and sustainability.</p>

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Australian's repossessed home sold for 1,000 dollars

Sydney - An Australian man whose house was repossessed by the Victorian state government and then sold at auction for 1,000 Australian dollars (1,007 US dollars) told a Melbourne court Thursday that it was worth 630,000 Australian dollars.

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