Jobless rate set to rise to 5.5pc in March with worse coronaviris fallout ahead

Australia's official jobless rate is expected to have risen to 5.5 percent in March with around 50,000 jobs disappearing. 

The update from the Australian Bureau of Statistics scheduled for Thursday will reflect the economic fallout from the coronavirus lockdown. 

The Reserve Bank is warning of potential falls in real estate values with the risk of "negative equity" for some borrowers as an outstanding loan exceeds the value of a property.

ABC's Peter Ryan with the latest