The Australian economy has released today the figures for the house prices index for the third quarter, where it recorded a decreased reading of -1.2 compared with the prior reading of -0.1%, which revised to -0.5%, also it came above expectations of -1.5%.

On the other hand, the annual house prices index for the third quarter was also released earlier today, where it declined to -2.2%, compared with the revised reading of 2.2%,which was initially -1.9%, also it came below expectations of -1.8%.