Google has cut the price of its Nexus 4 smartphone by $100 in Australia.

The company announced that it has dropped the price of the Nexus 4 by "25 per cent or more" in Australia, Canada, Germany, Spain, Korea, the US, and the UK.

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The 8GB model of the Nexus 4 now sells for $249 (previously $349), while the 16GB model is now $299 (previously $399).

Google currently lists a 2-3 day despatch time on the Play Store for both 8GB and 16GB models of the device.

Shipping is charged at $19.95 to most Australian locations with delivery time advertised within 2-7 business days.

The price cut only applies to the black variant of the Nexus 4 sold directly through Google. The white model Nexus 4 (16GB) is sold "exclusively" through Harvey Norman and is currently listed for $419.

Although an upgrade to the Nexus 4 hasn't been confirmed, rumours suggest a new model will be launched before the end of the year.