Parts of western Sydney are again over-represented in this group. In the Canterbury-Bankstown region, for example, 49 per cent of households with housing debt were paying more than 30 per cent of their income in debt servicing. This compared with about 29 per cent for the Australia-wide average.
It this vein, we endorse the activity and positive role of the EBRD in Greece, in particular during the last couple of years following the establishment of its local office. Its commitment to the country sends a strong signal to private sector investors that Greece is serious about reforming and rebalancing its economy.