Latest World Rankings: Wallabies fall to new low

South Africa and New Zealand bounced back in round four of the Rugby Championship to defeat Australia and Argentina, respectively.

The All Blacks came out firing to dispatch Argentina 53-3 in a ruthless performance claiming revenge for their first defeat on home soil to Argentina seven days earlier.

Ethan de Groot, Caleb Clarke, and Rieko Ioane all grabbed first half tries for Ian Foster's side before second half tries from Jordie Barrett, Ardie Savea, Brodie Retallick and Beauden Barrett saw the All Blacks to an emphatic victory.

Across the Tasman, South Africa ended a nine-year wait for a win over the Wallabies in Australia claiming a 24-8 victory in Sydney.

Damian de Allende scored early on for the visitors before teenager Canan Moodie sped away to the try line for a five-pointer on debut. Second half tries from Franco Mostert and Makazole Mapimpi secured the bonus point for the Springboks, even after Peter Samu's consolation score. 

The results from the weekend means that the Rugby Championship is blown wide open for the remaining two rounds as the All Blacks tackle the Wallabies in consecutive fixtures while the Boks do battle with the Pumas.

The victory over Argentina has seen the All Blacks reclaim fourth place on the world rankings with England dropping down to fifth. Meanwhile, South Africa have retained third placed and added 1.42 points having defeated Australia by more than 15 points. 

With 87.89 points, South Africa have a 1.48-point cushion over New Zealand.

South Africa's margin of victory has has sent Australia down to a new record low of eighth in the rankings.

Dave Rennie's side are now just a quarter of a point ahead of Wales, the side directly below them.

While Australia fell in the ranking due to their defeat, Argentina improved theirs as they moved up to sixth place, with Scotland moving into seventh place. 

THE LATEST WORLD RANKINGS: