The Reserve Bank says the country's financial system remains sound, but the tight labour market has economists worried.
The central bank warned some households and businesses will come under pressure, especially recent homebuyers facing large falls in their property value... pushing some into negative equity.
And it says a significant jump in the unemployment rate -- today confirmed at 3.3 percent for the September 2022 quarter -- is the biggest risk to the country's financial stability.
The Council of Trade Union's economist Craig Renney spoke to Michael Cropp.