As a result, competitive pressures in the financial services industry are probably greater than ever before. As is true in the real economy, it is difficult to overestimate the importance of education and ongoing training to the advancement of technology and product innovation in the financial sector.
While, as I noted, there are some qualifications surrounding the significance of the 30 per cent benchmark, it is nonetheless the case that the proportion of households paying more than 30 per cent in housing costs is higher in areas of western Sydney than in other parts of the city.