Financial Stability Snapshot 9 April 2021
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Global economic outlook
Global economic outlook looks optimistic but the recovery is uneven
Asset prices
Asset prices are rising and Australian housing prices are up by 6%.
Housing credit growth
Investor 1.2% and Owner-occupier 6.4%
New housing loan approval
High LVR shares (LVR>=90) 11%. High debt to income share (DTI>=6) 17%.
Business conditions
Business conditions have improved but pockets of risk remain.
Loan repayment deferrals
Housing loans deferrals is at 0.5%. Small and medium business loans deferrals is at 11%.
Australian Banks resilient
Capital high CET1 12.1%. Liquidity ample LCR > 140%
Commercial property risks elevated
But low share of banks' assets at 6%.
Cyber attacks
Risks associated with cyber-attacks have increased.