Media release: Regional personal insolvency statistics – June quarter 2016

July, 2016

The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the June quarter 2016.

The number of debtors who entered a personal insolvency increased 11.0% in the June quarter 2016 compared to the March quarter 2016. There was an increase in the number of debtors in all states and territories, led by New South Wales, Queensland and Western Australia.

The number of debtors who entered a business related personal insolvency rose 20.6% in the June quarter 2016 compared to the March quarter 2016.

New South Wales

Greater Sydney

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors who entered a business related personal insolvency rose 24.7%; the main contributors to the rise were Canterbury and Richmond – Windsor.
    • the number of debtors rose 16.2%; the main contributors to the increase were Bringelly – Green Valley, Canterbury and Penrith

Rest of NSW

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors rose 13.4%; the main contributors to the rise were Clarence Valley and Newcastle
    • the number of debtors who entered a business related personal insolvency rose 20.2%; the main contributors to the rise were Wagga Wagga and Tweed Valley.

Victoria

Greater Melbourne

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors rose 0.3%; the main contributors to the rise were Mornington Peninsula and Melton – Bacchus Marsh
    • the number of debtors who entered a business related personal insolvency increased 11.7%; the main contributor to the rise was Mornington Peninsula.

Rest of Vic

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors increased 14.5%; the main contributors to the increase were Wellington, Bendigo and Ballarat
    • the number of debtors who entered a business related personal insolvency increased 55.3%; the main contributors to the increase were Geelong and Surf Coast – Bellarine Peninsula.

Queensland

Greater Brisbane

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors increased 10.7%; the main contributor to the increase was Springfield – Redbank
    • the number of debtors who entered a business related personal insolvency rose 17.0%; the main contributor to the increase was Loganlea – Carbrook.

Rest of Qld

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors increased 10.2%; the main contributor to the increase was Ormeau – Oxenford
    • the number of debtors who entered a business related personal insolvency increased 16.8%; the main contributor to the rise was Townsville.

South Australia

Greater Adelaide

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors fell 2.7%; the main contributor to the fall was Salisbury
    • the number of debtors who entered a business related personal insolvency rose 1.9%; the main contributor to the increase was Adelaide Hills.

Rest of SA

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors increased 13.4%; the main contributor to the increase was Fleurieu – Kangaroo Island
    • the number of debtors who entered a business related personal insolvency rose 17.6%; the main contributor to the increase was Fleurieu – Kangaroo Island.

Western Australia

Greater Perth

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors rose 22.1%; the main contributors to the increase were Joondalup and Rockingham
    • the number of debtors who entered a business related personal insolvency increased 33.9%; the main contributors to the increase were Joondalup and Stirling.

Rest of WA

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors increased 9.4%; the main contributor to the rise was Bunbury
    • the number of debtors who entered a business related personal insolvency increased 53.8%.

Tasmania

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors increased 32.8% in Greater Hobart; the main contributor to the rise was Sorell – Dodges Ferry
    • the number of debtors rose 13.6% in rest of Tas; the main contributor to the rise was Launceston
    • the number of debtors who entered a business related personal insolvency in Tasmania increased 18.2%.

Northern Territory

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors fell 8.5% in Greater Darwin; the main contributor to the fall was Palmerston
    • the number of debtors rose 45.5% in rest of NT; the main contributor to the rise was Alice Springs
    • the number of debtors who entered a business related personal insolvency in Northern Territory fell 40.0%.

Australian Capital Territory

  • In the June quarter 2016 compared to the March quarter 2016:
    • the number of debtors rose 16.9%; the main contributor to the increase was Tuggeranong
    • the number of debtors who entered a business related personal insolvency rose 33.3%.