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Financial system would remain resilient even if house prices plunged

Stress testing showed banks could weather a 40% drop in house prices and 12% unemployment.

Brent Edwards Wed, 04 May 2022

A 30% fall in house prices would push 10% of mortgage holders into negative equity but most would be able to ride out the storm.

In its six-monthly financial stability report released today, the Reserve Bank has confirmed it remains confident about the resilience of the financial system, even in

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Financial system would remain resilient even if house prices plunged
Politics,
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