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Reserve Bank Warns of Financial Risks
The Reserve Bank warns Australia faces a major global financial shock, despite households being well-placed to weather rising interest rates and falling property prices. The warning comes as the central bank estimates fewer than one in 100 borrowers owe more on their homes than they are worth.
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The Guardian
Warning comes as central bank estimates fewer than one in 100 borrowers owe more on their home than its worthThe 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 from
2026-10-01 03:32 UTC