Keep calm and carry on appears to be the advice for homeowners facing the nightmare scenario of negative equity.
People who bought when house prices were skyrocketing but money was cheap are now most at risk from the combination of falling prices and rising interest rates.
A Reserve Bank report out on Wednesday says about two percent of all home loan borrowers owe more than their houses are worth but that could hit 18 percent if prices fall by 20 percent.
Krystal Gibbens reports.
