Australia's house price index rose in the third quarter as on the yearly record it gained 6.2% compared with a previous revised -0.7% from -1.4%, while it came higher than the forecasted 4.3%. On quarterly basis, it came in at 4.2% compared with a revised -1.5% from 4.2%, while forecasts referred to 3.0%.

Rising house prices came along with increasing demand that was backed by the government's cash handouts to households, worth mentioning that the Australian government allocated as much as $20 million as cash handouts for consumers to boost demand.