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Auction clearance rates slumped again over the week-end leading experts to advise investors that they will have to wait another year for a revival in the housing market.

RBA announces the biggest rate drop in 13 years - down 1%!

Australia's housing shortage could fuel a new round of illegal rent auctions according to the HIA. The undersupplied housing market has forced rental prices up and escalating prices means Gazumping - where a seller continually raises the price - a method which is both informal and illegal is now rampant in most capital cities.