Media release: Regional personal insolvency statistics - March quarter 2016

Wednesday, April 27, 2016

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

The number of debtors who entered a personal insolvency increased 1.5% in the March quarter 2016 compared to the December quarter 2015. The increase was driven by Queensland and Western Australia. The number of debtors who entered a personal insolvency in Queensland in the March quarter 2016 rose 5.1% compared to the December quarter 2015. The number of debtors in Western Australia in the March quarter 2016 rose 10.9% compared to the December quarter 2015.

New South Wales

  • Greater Sydney

  • In the March quarter 2016 compared to the December quarter 2015:
    • the number of debtors who entered a business related personal insolvency fell 10.4%; the main contributors to the fall were Wyong and Cronulla – Miranda – Caringbah.
    • the number of debtors fell 4.3%; the main contributors to the fall were Blacktown, Campbelltown and Bankstown
  • Rest of NSW

    • In the March quarter 2016 compared to the December quarter 2015:
      • the number of debtors fell 2.9%; the main contributors to the fall were Coffs Harbour and Wagga Wagga
      • the number of debtors who entered a business related personal insolvency rose 13.2%; the main contributors to the rise were Coffs Harbour and Newcastle.

Victoria

  • Greater Melbourne

    • In the March quarter 2016 compared to the December quarter 2015:
      • the number of debtors rose 7.6%; the main contributor to the rise was Cardinia
      • the number of debtors who entered a business related personal insolvency fell 10.9%; the main contributors to the fall were Melton – Bacchus Marsh, Casey – South and Frankston.
  • Rest of Vic

    • In the March quarter 2016 compared to the December quarter 2015:
      • the number of debtors fell 7.9%; the main contributors to the fall were Bendigo and Ballarat
      • the number of debtors who entered a business related personal insolvency fell 38.2%; the main contributor to the fall was Bendigo.

Queensland

  • Greater Brisbane

    • In the March quarter 2016 compared to the December quarter 2015:
      • the number of debtors increased 2.3%; the main contributors to the increase were Ipswich Hinterland and Browns Plains
      • the number of debtors who entered a business related personal insolvency fell 6.1%; the main contributor to the fall was Holland Park – Yeronga.
  • Rest of Qld

    • In the March quarter 2016 compared to the December quarter 2015:
      • the number of debtors increased 7.8%; the main contributor to the increase was Townsville
      • the number of debtors who entered a business related personal insolvency was stable at 262 debtors.

South Australia

  • Greater Adelaide

    • In the March quarter 2016 compared to the December quarter 2015:
      • the number of debtors increased 0.3%; the main contributors to the rise were Salisbury and Adelaide Hills
      • the number of debtors who entered a business related personal insolvency fell 5.5%; the main contributor to the fall was Tea Tree Gully.
  • Rest of SA

    • In the March quarter 2016 compared to the December quarter 2015:
      • the number of debtors fell 10.2%; the main contributors to the fall were Fleurieu – Kangaroo Island, Limestone Coast and Eyre Peninsula and South West
      • the number of debtors who entered a business related personal insolvency rose 21.4%.

Western Australia

  • Greater Perth

    • In the March quarter 2016 compared to the December quarter 2015:
      • the number of debtors rose 13.1%; the main contributors to the increase were Rockingham and Wanneroo
      • the number of debtors who entered a business related personal insolvency fell 12.2%; the main contributors to the fall were Stirling, Mandurah and Joondalup.
  • Rest of WA

    • In the March quarter 2016 compared to the December quarter 2015:
      • the number of debtors increased 1.3%; the main contributor to the rise was Mid West
      • the number of debtors who entered a business related personal insolvency fell 23.5%.

Tasmania

  • In the March quarter 2016 compared to the December quarter 2015:
    • the number of debtors increased 11.5% in Greater Hobart; the main contributor to the rise was Hobart – North East
    • the number of debtors fell 14.9% in rest of Tas; the main contributors to the fall were Launceston and Devonport
    • the number of debtors who entered a business related personal insolvency in Tasmania fell 24.1%.

Northern Territory

  • In the March quarter 2016 compared to the December quarter 2015:
    • the number of debtors fell 16.1% in Greater Darwin; the main contributor to the fall was Darwin Suburbs
    • the number of debtors fell 52.2% in rest of NT; the main contributor to the fall was Alice Springs
    • the number of debtors who entered a business related personal insolvency in Northern Territory fell 28.6%.

Australian Capital Territory

  • In the March quarter 2016 compared to the December quarter 2015:
    • the number of debtors rose 8.5%; the main contributor to the increase was Gungahlin
    • the number of debtors who entered a business related personal insolvency rose 50.0%.