Warning comes as central bank estimates fewer than one in 100 borrowers owe more on their home than its worth
Follow our Australia news live blog for latest updates
Get our breaking news email, free app or daily news podcast
The Reserve Bank says households are well placed to weather the twin storm of rising interest rates and plunging property prices, but warned that Australia would not be immune to a sudden collapse of the global AI investment boom.
The central bank’s latest financial stability review – a biannual assessment of the financial system – said the “threats to global financial stability continue to mount”.
