The Australian sharemarket closed lower on Wednesday, with property stocks leading declines, following Tuesday's record-high close.
The S&P/ASX 200 Index finished down 32.6 points, or 0.4% to 8,462.6.
The real estate sector was the day's worst performer, led by Goodman Group, which plunged 2.9%. The drop came after a media report said China Investment Corporation (CIC) was selling stocks worth A$1.9 billion.
Other property stocks followed suit, with GPT falling 1.5% and Stockland losing 1%.
Adding to the market's struggles, the Australian dollar weakened by 1% after GDP data showed a 0.3% growth in the third quarter, missing the 0.4% market forecast. Year-on-year growth also fell short, rising 0.8% against expectations of 1.1%.
On the bond markets, 10-year and 2-year yields fell to 6-week lows of 4.272% and 3.883%, respectively.