Media release: Regional personal insolvency statistics - December quarter 2015

Tuesday, February 9, 2016

The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the December quarter 2015.

New South Wales

  • Greater Sydney

    • In the December quarter 2015 compared to the September quarter 2015:
      • the number of debtors fell 10.6%; the main contributors to the fall were Campbelltown, Wyong and Canterbury
      • the number of debtors who entered a business related personal insolvency fell 17.7%; the main contributors to the fall were Campbelltown, Merrylands – Guildford and Wollondilly.
  • Rest of NSW

    • In the December quarter 2015 compared to the September quarter 2015:
      • the number of debtors who entered a personal insolvency fell 3.4%; the main contributors to the fall in rest of NSW were Albury and Tamworth – Gunnedah
      • the number of debtors who entered a business related personal insolvency fell 27.4%; the main contributors to the fall were South Coast, Coffs Harbour and Newcastle.

Victoria

  • Greater Melbourne

    • In the December quarter 2015 compared to the September quarter 2015:
      • the number of debtors fell 12.8%; the main contributors to the fall were Knox and Tullamarine – Broadmeadows
      • the number of debtors who entered a business related personal insolvency increased 14.2%; the main contributors to the rise were Frankston and Melton – Bacchus Marsh.
  • Rest of Vic

    • In the December quarter 2015 compared to the September quarter 2015:
      • the number of debtors who entered a personal insolvency fell 2.7%; the main contributor to the fall was Geelong
      • the number of debtors who entered a business related personal insolvency was stable; there were 76 debtors who entered a business related personal insolvency; the same number of debtors as in the previous quarter.

Queensland

  • Greater Brisbane

    • In the December quarter 2015 compared to the September quarter 2015:
      • the number of debtors fell 3.3%; the main contributor to the fall was Caboolture
      • the number of debtors who entered a business related personal insolvency fell 4.7%; the main contributors to the fall were Ipswich Hinterland and Hills District.
  • Rest of Qld

    • In the December quarter 2015 compared to the September quarter 2015:
      • The number of debtors fell 7.9%; the main contributors to the fall were Nerang and Gladstone – Biloela
      • The number of debtors who entered a business related personal insolvency fell 1.9%; the main contributors to the fall were Gold Coast – North and Gladstone – Biloela.

South Australia

  • Greater Adelaide

  • In the December quarter 2015 compared to the September quarter 2015:
    • the number of debtors who entered a business related personal insolvency fell 11.3%; the main contributors to the fall were Onkaparinga and Marion.
    • the number of debtors fell 1.2%; the main contributors to the fall in Greater Adelaide were Onkaparinga, Marion and Adelaide Hills
  • Rest of SA

    • In the December quarter 2015 compared to the September quarter 2015:
      • the number of debtors rose 18.7%; the main contributor to the rise was Eyre Peninsula and South West
      • the number of debtors who entered a business related personal insolvency increased 100%; there were 14 debtors with a business related personal insolvency, compared to seven debtors in the previous quarter.

Western Australia

  • Greater Perth

  • In the December quarter 2015 compared to the September quarter 2015:
    • the number of debtors who entered a business related personal insolvency rose 8.3%; the main contributors to the rise were Mandurah and Stirling.
    • the number of debtors fell 4.8%; the main contributor to the fall was Rockingham
  • Rest of WAIn the December quarter 2015 compared to the September quarter 2015:

    • the number of debtors who entered a business related personal insolvency fell 22.7%; the main contributors to the fall were Mid West and Wheat Belt – North.
    • the number of debtors fell 12.7%; the main contributor to the fall was Albany

Tasmania

  • Greater Hobart

    • In the December quarter 2015 compared to the September quarter 2015:
      • the number of debtors fell 31.6%; the main contributor to the fall was Hobart – North East
      • the number of debtors who entered a business related personal insolvency fell 14.3%.
  • Rest of Tas

  • In the December quarter 2015 compared to the September quarter 2015:
    • the number of debtors who entered a business related personal insolvency increased 10.0%; the main contributor to the rise was Launceston.
    • the number of debtors increased 3.4%; the main contributor to the rise was Launceston

Northern Territory

Greater Darwin

  • In the December quarter 2015 compared to the September quarter 2015:
    • the number of debtors who entered a business related personal insolvency increased 150.0%.
    • the number of debtors increased 16.7%
  • Rest of NT

    • In the December quarter 2015 compared to the September quarter 2015:
      • the number of debtors rose 53.3%
      • the number of debtors who entered a business related personal insolvency increased 50.0%.

Australian Capital Territory

  • In the December quarter 2015 compared to the September quarter 2015:
    • the number of debtors fell 15.5%; the main contributor to the fall was Gungahlin
    • the number of debtors who entered a business related personal insolvency fell 57.1%.