Media release: Regional personal insolvency statistics - June quarter 2015 — Australian Financial Security Authority

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

New South Wales

  • Greater Sydney
    • In the June quarter 2015 compared to the March quarter 2015:
      • the number of debtors fell 6.5%; the main contributors to the fall were Mount Druitt and Ku-ring-gai.
      • the number of debtors who entered a business related personal insolvency fell 10.3%; the main contributor to the fall was Sydney Inner City.
  • Rest of NSW
    • In the June quarter 2015 compared to the March quarter 2015:
      • the number of debtors increased 3.0%; the main contributors to the rise were Port Stephens and Great Lakes.
      • the number of debtors who entered a business related personal insolvency increased 20.3%; the main contributors to the rise were Tamworth – Gunnedah, Port Stephens and Shoalhaven.

Victoria

  • Greater Melbourne:
    • In the June quarter 2015 compared to the March quarter 2015:
      • the number of debtors fell 9.5%; the main contributors to the fall were Yarra Ranges and Whitehorse – West.
      • the number of debtors who entered a business related personal fell 13.3%; the main contributors to the fall were Maroondah, Wyndham and Yarra Ranges.
  • Rest of Vic
    • In the June quarter 2015 compared to the March quarter 2015:
      • there was no change in the number of debtors; there were 399 debtors in the June quarter 2015.
      • the number of debtors who entered a business related personal insolvency increased 4.5%; the main contributors to the rise were Upper Goulburn Valley and Wangaratta – Benalla.

Queensland

  • Greater Brisbane
    • In the June quarter 2015 compared to the March quarter 2015:
      • the number of debtors increased 3.3%; the main contributor to the rise was Cleveland – Stradbroke.
      • the number of debtors who entered a business related personal insolvency increased 18.3%; the main contributors to the rise were Cleveland – Stradbroke, Ipswich Inner and Nundah.
  • Rest of Qld
    • In the June quarter 2015 compared to the March quarter 2015:
      • The number of debtors increased 4.7%; the main contributors to the rise were Nerang and Townsville.
      • The number of debtors who entered a business related personal insolvency increased 11.5%; the main contributor to the rise was Townsville.

South Australia

  • Greater Adelaide
    • In the June quarter 2015 compared to the March quarter 2015:
      • the number of debtors fell 0.3%; the main contributor to the fall was Tea Tree Gully.
      • the number of debtors who entered a business related personal insolvency fell 17.4%; the main contributors to the fall were Norwood – Payneham – St Peters and Adelaide City.
  • Rest of SA
    • In the June quarter 2015 compared to the March quarter 2015:
      • the number of debtors fell 4.2%; the main contributor to the fall was Limestone Coast.
      • the number of debtors who entered a business related personal insolvency increased 10.0%; the main contributor to the rise was Mid North. This region includes Jamestown, Peterborough – Mount Remarkable and Port Pirie.

Western Australia

  • Greater Perth
    • In the June quarter 2015 compared to the March quarter 2015:
      • the number of debtors increased 12.8%; the main contributors to the rise were Rockingham and Swan.
      • the number of debtors who entered a business related personal insolvency increased 24.7%; the main contributors to the rise were Swan, Rockingham and Bayswater – Bassendean.
  • Rest of WA
    • In the June quarter 2015 compared to the March quarter 2015:
      • the number of debtors increased 1.2%; the main contributors to the rise were Bunbury, Wheat Belt – North and Pilbara.
      • the number of debtors who entered a business related personal insolvency fell 25.0%.

Tasmania

  • Greater Hobart
    • In the June quarter 2015 compared to the March quarter 2015:
      • the number of debtors increased 1.5%; the main contributor to the rise was Hobart – North East.
      • there were 11 debtors who entered a business related personal insolvency in the June quarter 2015. This is the same as in the March quarter 2015.
  • Rest of Tas
    • In the June quarter 2015 compared to the March quarter 2015:
      • the number of debtors fell 16.3%; the main contributor to the fall was Devonport.
      • the number of debtors entering a business related personal insolvency increased 33.3%; the main contributor to the rise in rest of Tas was North East. This region includes Dilston – Lilydale, George Town, Longford, Northern Midlands, Perth – Evandale, Scottsdale – Bridport and St Helens – Scamander.

Northern Territory

  • Seven debtors entered a business related personal insolvency in the Northern Territory in the June quarter 2015. This is the same as in the March quarter 2015.
  • Greater Darwin
    • there were 37 debtors who entered a personal insolvency in the June quarter 2015. This is the same as in the March quarter 2015.
  • Rest of NT
    • the number of debtors increased 28.6% in the June quarter 2015 compared to the March quarter 2015; the main contributor to the rise was Alice Springs.

Australian Capital Territory

  • In the June quarter 2015 compared to the March quarter 2015:
    • the number of debtors fell 2.0%; the main contributor to the fall was Tuggeranong.
    • the number of debtors who entered a business related personal insolvency increased 8.3%.