While the number of Australians declaring bankruptcy has decreased in the three months to October, some suburbs are doing better than others. Is your area on the list?
New South Wales
In Greater New South Wales, 1,371 people entered insolvency. However, that’s 5.1 per cent lower than the previous quarter, according to the latest figures from the Australian Financial Security Authority (AFSA).
These were the regions with the highest numbers of new debtors.
Personal insolvencies fell in the September quarter to 917 people in the Greater Melbourne region, with Casey – South the region with the most new debtors.
The sunshine state region of Greater Brisbane was home to the highest number of new debtors.
In Greater Adelaide, the number of people declaring bankruptcy fell a staggering 20.1 per cent to 321.
Greater Perth saw personal insolvencies fall slightly (5.0 per cent) to 57.
In Greater Hobart the number of new debtors fell 6.6 per cent to 57.
Greater Darwin saw the number of new debtors tumble 32.4 per cent to 48, with the Palmerston region home to the highest number of new debtors, with just 17.
Australian Capital Territory
With 34 new debtors, Belconnen was the ACT region with the most new debtors.