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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 that it was worth 630,000 Australian dollars.
Zhiping Zhou was fighting the sale of his house in a Melbourne suburb, which was repossessed over a 98,000-Australian-dollar debt.
The buyer told the Victorian Supreme Court that the transaction was legal because no reserve price was set for the auction.