Victoria

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

Reports

Key personal insolvency indicators, Victoria, June quarter 2017

 

Greater Melbourne

Rest of Vic.

Vic.1

Total new debtors

1,045

410

1,457

Quarterly % change in new debtors

-9.7%

-2.8%

-8.2%

New debtors per 100,000 population aged 18+2

33.6

39.8

35.1

% debtors with a business related personal insolvency

16.7%

14.9%

16.2%

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 2011 Census, table generated 3 March 2014 using usual address and internal migration, data cube: TableBuilder. <http://www.abs.gov.au/websitedbs/censushome.nsf/home/tablebuilder?opendocument&navpos=240>
Note: ABS randomly adjust cells in ABS 2011 Census data to avoid the release of confidential data. Estimated resident population figures used in this calculation are not updated by AFSA between censuses. 

Greater Melbourne

Personal insolvency activity

There were 1,045 debtors who entered new personal insolvencies in Greater Melbourne in the June quarter 2017. This number fell by 112 or 9.7% from the March quarter 2017. Greater Melbourne accounted for 71.7% of all new debtors in Victoria in the June quarter 2017.

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

Region

New debtors

Debtors per 100,000 persons aged 18 years and older

Casey - South

76

83.8

Wyndham

71

59.1

Whittlesea - Wallan

70

56.0

There were 33.6 new insolvent debtors per 100,000 people aged 18 years and older in Greater Melbourne in the June quarter 2017. This is lower than the Victoria average of 35.1. Casey - South recorded the highest regional rate in the June quarter 2017 (83.8).

Business related personal insolvencies in Greater Melbourne

There were 175 debtors who entered a new business-related personal insolvency in Greater Melbourne in the June quarter 2017. This is a fall of nine debtors or 4.9% from the previous quarter. The largest numbers of debtors entering a new business-related personal insolvency in Greater Melbourne in the June quarter 2017 were in:

  • Casey - South (15 debtors)
  • Wyndham (13 debtors)
  • Whittlesea - Wallan (11 debtors)
  • Mornington Peninsula (11 debtors).

Rest of Victoria

Personal insolvency activity

There were 410 debtors who entered a new personal insolvency in rest of Victoria in the June quarter 2017. This number fell by 12 or 2.8% from the March quarter 2017. Rest of Victoria accounted for 28.1% of all new debtors in Victoria in the June quarter 2017.

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

Region

New debtors

Debtors per 100,000 persons aged 18 years and older

Geelong

59

43.9

Ballarat

45

62.0

Bendigo

29

44.2

There were 39.8 new insolvent debtors per 100,000 people aged 18 years and older in rest of Victoria in the June quarter 2017. This is higher than the Victoria average of 35.1. For the second consecutive quarter, Mildura recorded the highest regional incidence rate (63.3), despite a fall from 81.8 in the March quarter 2017.

Business related personal insolvencies in rest of Victoria

There were 61 debtors who entered a new business-related personal insolvency in rest of Victoria in the June quarter 2017. This is a fall of 17 debtors or 21.8% from the previous quarter. The largest numbers of debtors entering a new business-related personal insolvency in rest of Victoria in the June quarter 2017 were in:

  • Bendigo (9 debtors)
  • Ballarat (7 debtors)
  • Geelong (7 debtors).