Housing bubble? No worries at the moment says relaxed Reserve Bank governor Philip Lowe

Reserve Bank governor Philip Lowe says he's not worried that record low interest rates are fuelling a dangerous real estate bubble in Australia. 

Mr Lowe says a "precipitous" fall in housing prices is not likely and that while house prices are holding up, prices for apartments and rentals are lower. 

ABC's Peter Ryan says Mr Lowe's relaxed mood comes as updated figures from the Australian Banking Association show a 70 percent fall on bank loans on emergency deferral.