Perhaps the best, and most direct, indicator of households’ capacity to support the increase in debt is the arrears rates on loans. This remains very low in Australia. The current arrears rate is around 0.7 per cent. This is one of the lowest rates among developed economies (Graph 6).
In particular:   the issues that motivated the introduction of macroprudential tools;    the actions we have taken to adjust their settings through time;    the lessons we have learned from their use along the way; and    the next steps we are planning to take in this space.