Australia at risk from major global financial shock, Reserve Bank warns

The Reserve Bank of Australia has warned that the country faces risks from a major global financial shock. Despite this warning, the central bank noted that Australian households are generally well positioned to navigate economic pressures, with estimates showing that fewer than one in 100 borrowers owe more on their home than the property is worth.

The announcement comes as the central bank continues to monitor household resilience amid broader economic uncertainties and potential international financial instability.