Personal insolvencies fall in most capital cities in March quarter 2019

The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the March quarter 2019.

The exception was Greater Darwin, and WA continues to experience high levels of insolvency.

In the March quarter 2019, debtors who entered a new personal insolvency in Greater Sydney fell by 156 (-12.6%) to 1,082; Wyong (60) was the region with the most new debtors. The rest of New South Wales fell by 35 (-4.6%) to 728; Newcastle (46) was the region with the most new debtors.

In the March quarter 2019, debtors who entered a new personal insolvency in Greater Melbourne fell by 30 (-3.5%) to 830; Wyndham (65) was the region with the most new debtors. The rest of Victoria fell by 20 (-6.4%) to 294; Geelong (40) was the region with the most new debtors.

In the March quarter 2019, debtors who entered a new personal insolvency in Greater Brisbane fell by 92 (-9.3%) to 894; Springfield – Redbank (68) was the region with the most new debtors. The rest of Queensland fell by 41 (-3.8%) to 1,035; Townsville (110) was the region with the most new debtors.

In the March quarter 2019, debtors who entered a new personal insolvency in Greater Adelaide fell by 15 (-4.7%) to 301; Salisbury (48) was the region with the most new debtors. The rest of South Australia rose by 43 (51.8%) to 126; Murray and Mallee (39) was the region with the most new debtors.

In the March quarter 2019, debtors who entered a new personal insolvency in Greater Perth fell by seven (-1.0%) to 725; Wanneroo (87) was the region with the most new debtors. The rest of Western Australia rose by 10 (6.8%) to 157; Bunbury (33) was the region with the most new debtors.

In the March quarter 2019, debtors who entered a new personal insolvency in Greater Hobart fell by five (-8.8%) to 52; Hobart – North West (21) was the region with the most new debtors. The rest of Tasmania fell by 17 (-16.8%) to 84; Launceston (28) was the region with the most new debtors.

In the March quarter 2019, debtors who entered a new personal insolvency in Greater Darwin rose by four (7.5%) to 57; Palmerston (25) was the region with the most new debtors. The rest of Northern Territory fell by eight (-30.8%) to 18; Alice Springs (12) was the region with the most new debtors.

In the March quarter 2019, debtors who entered a new personal insolvency in Australian Capital Territory fell by four (-5.3%) to 71; Tuggeranong (21) was the region with the most new debtors

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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