Victoria

Quarterly regional personal insolvency statistics and analysis for Victoria (Vic.) regions in the September quarter 2017.

Reports

Break in series – personal insolvency statistics

From the September quarter 2017, geographic coding of personal insolvency statistics follows a new method. There is also a minor change in the reporting date used for personal insolvency agreements from this quarter. These changes are breaks in series for our statistical publications. For further details see the Guide to quarterly regional statistics.

Key personal insolvency indicators, Victoria, September quarter 2017

  Greater Melbourne Rest of Vic. Vic.1
Total new debtors 1,144 401 1,545
New debtors per 100,000 population aged 18+2 32.6 35.8 33.3
% debtors with a business related personal insolvency 17.0% 17.5% 17.2%

1 GCCSA totals may not sum to the state total as the state total is inclusive of records not further classified under the ASGS.
2 Australian Bureau of Statistics 2016 Census of Population and Housing; data extracted 25/08/2017 using TableBuilder (dataset: 2016 Census - Cultural Diversity); Place of Usual Residence (PURP); State and GCCSA figures are summed from SA3. Note: ABS randomly adjust cells to avoid the release of confidential data. As such, state and GCCSA totals (summed from SA3) may not match ABS published totals.

Greater Melbourne

Personal insolvency activity

There were 1,144 debtors who entered a new personal insolvency in Greater Melbourne in the September quarter 2017. Greater Melbourne accounted for 74.0% of all new debtors in Victoria in the September quarter 2017.

Highest numbers of new debtors by region, Greater Melbourne, September quarter 2017

Region New debtors Debtors per 100,000 persons aged 18 years and older
Wyndham 105 65.9
Whittlesea - Wallan 81 50.5
Casey - South 71 59.1

There were 32.6 new insolvent debtors per 100,000 people aged 18 years and older in Greater Melbourne in the September quarter 2017. This is lower than the Victoria average of 33.3. Wyndham recorded the highest regional rate in the September quarter 2017 (65.9).

Business related personal insolvencies in Greater Melbourne

There were 195 debtors who entered a new business-related personal insolvency in Greater Melbourne in the September quarter 2017. The largest numbers of debtors entering a new business-related personal insolvency in Greater Melbourne in the September quarter 2017 were in:

  • Wyndham (18 debtors)
  • Whittlesea - Wallan (12 debtors)
  • Mornington Peninsula (10 debtors).

Rest of Victoria

Personal insolvency activity

There were 401 debtors who entered a new personal insolvency in rest of Victoria in the September quarter 2017. Rest of Victoria accounted for 26.0% of all new debtors in Victoria in the September quarter 2017.

Highest numbers of new debtors by region, rest of Victoria, September quarter 2017

Region New debtors Debtors per 100,000 persons aged 18 years and older
Geelong 43 29.2
Ballarat 38 47.6
Bendigo 37 50.8

There were 35.8 new insolvent debtors per 100,000 people aged 18 years and older in rest of Victoria in the September quarter 2017. This is higher than the Victoria average of 33.3. Shepparton recorded the highest regional incidence rate (58.0).

Business related personal insolvencies in rest of Victoria

There were 70 debtors who entered a new business-related personal insolvency in rest of Victoria in the September quarter 2017. The largest numbers of debtors entering a new business-related personal insolvency in rest of Victoria in the September quarter 2017 were in:

  • Wodonga - Alpine (9 debtors)
  • Ballarat (6 debtors)
  • Glenelg - Southern Grampians (5 debtors)
  • Geelong (5 debtors).