Live: House prices drop and data set to show continued shortfall of homes

Australian house prices are falling in some major capital cities, and new building approvals data is expected to show that the country continues to face a shortfall of homes.

The ABC live business blog reported ASX 200 futures down 0.2% at 9,002 points around 7:30 a.m. Australian Eastern Standard Time. Overnight, the Dow Jones fell 0.7%, the S&P 500 declined 0.3% and the Nasdaq slipped 0.1%.

The morning market snapshot also listed Brent crude up 3% at US$90.75 a barrel and Bitcoin up 1.6% at US$78,941. The Australian dollar stood at 71.64 U.S. cents, while gold and iron ore were slightly lower or higher respectively.

The blog said a Parliamentary Joint Committee on Corporations and Financial Services would hold another public hearing in Sydney on Friday as it examines wrongdoing inside major Australian firms. The post specifically highlighted KPMG Australia and invited people with information to contact the reporter. The blog stated that it provides news and analysis, not financial advice.