Media release: Regional personal insolvency statistics – March quarter 2017

Wednesday, May 24, 2017

The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the March quarter 2017.

New South Wales

  • Greater Sydney
    • In the March quarter 2017 compared to the December quarter 2016:
      • the number of debtors rose 11.0%; the main contributor to the increase was Wyong
      • the number of debtors who entered a business related personal insolvency rose 8.6%; the main contributors to the increase were Wyong and Penrith.
  • Rest of NSW
    • In the March quarter 2017 compared to the December quarter 2016:
      • the number of debtors rose 1.9%; the main contributor to the increase was Lachlan Valley
      • the number of debtors who entered a business related personal insolvency fell 10.7%; the main contributor to the fall was Coffs Harbour.

Australian Capital Territory

  • In the March quarter 2017 compared to the December quarter 2016:
    • the number of debtors rose 26.9%; the main contributor to the increase was Belconnen
    • the number of debtors who entered a business related personal insolvency rose 84.6% (from 13 debtors to 24).

Victoria

  • Greater Melbourne
    • In the March quarter 2017 compared to the December quarter 2016:
      • the number of debtors rose 13.4%; the main contributor to the increase was Whittlesea - Wallan
      • the number of debtors who entered a business related personal insolvency rose by 5.7%; the main contributor to the increase was Mornington Peninsula.
  • Rest of Vic
    • In the March quarter 2017 compared to the December quarter 2016:
      • the number of debtors rose 10.8%; the main contributor to the increase was Glenelg - Southern Grampians
      • the number of debtors who entered a business related personal insolvency rose 8.3%; the main contributor to the increase was Bendigo.

Queensland

  • Greater Brisbane
    • In the March quarter 2017 compared to the December quarter 2016:
      • the number of debtors rose 19.3%; the main contributor to the increase was Ipswich Inner
      • the number of debtors who entered a business related personal insolvency rose 13.9%; the main contributor to the increase was Springfield - Redbank.
  • Rest of Qld
    • In the March quarter 2017 compared to the December quarter 2016:
      • the number of debtors rose 9.4%; the main contributor to the increase was Caloundra
      • the number of debtors who entered a business related personal insolvency fell 2.1%; the main contributor to the fall was Rockhampton.

South Australia

  • Greater Adelaide
    • In the March quarter 2017 compared to the December quarter 2016:
      • the number of debtors rose 12.6%; the main contributor to the increase was Marion
      • the number of debtors who entered a business related personal insolvency rose 9.8%.
  • Rest of SA
    • In the March quarter 2017 compared to the December quarter 2016:
      • the number of debtors rose 51.0%; the main contributor to the increase was Murray and Mallee
      • there were 25 debtors who entered a business related personal insolvency in the March quarter 2017, a rise from 12 in the December quarter 2016.

Northern Territory

  • The number of debtors rose 18.8% in Greater Darwin in the March quarter 2017 compared to the December quarter 2016
  • There were 18 debtors in rest of NT in the March quarter 2017, a fall from 20 in the December quarter 2016
  • There were 13 debtors who entered a business related personal insolvency in Northern Territory, a fall from 16 in the December quarter 2016.

Western Australia

  • Greater Perth
    • In the March quarter 2017 compared to the December quarter 2016:
      • the number of debtors rose 11.6%; the main contributor to the increase was Cockburn
      • the number of debtors who entered a business related personal insolvency was unchanged at 155 debtors.
  • Rest of WA
    • In the March quarter 2017 compared to the December quarter 2016:
      • the number of debtors rose 5.3%; the main contributor to the increase was Albany
      • the number of debtors who entered a business related personal insolvency rose 9.1%; the main contributor to the increase was Bunbury.

Tasmania

  • In the March quarter 2017 compared to the December quarter 2016:
    • the number of debtors who entered a personal insolvency in Greater Hobart fell 7.2%; the main contributor to the fall was Brighton
    • the number of debtors rose 35.5% 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 was unchanged at 28 debtors.

Personal insolvency in Australia: number of debtors per state/territory