March 2, 2014

Personal Insolvency (bankruptcy) – most affected areas along the eastern seaboard

The December quarter 2013 indicated a 4.49% decrease, this being a 6.4% fall in comparison to December quarter 2012. Overall there has been a fall in personal insolvency throughout all states and territories except for the ACT and Victoria with increases of 23.08% and 0.13% respectively.



AFSA have recently released statistics indicating the locations (by postcodes) that have seen the highest number of bankrupts during 2012 – 2013. Some of the key findings throughout the Eastern Seaboard are:


  • The Gold Coast region, in particular postcode areas of 4211, 4209 and 4215 had the highest recorded bankrupts in Queensland. The Nerang region (postcode 4211) recorded the most bankruptcies with 169. This is a 7.6% increase from the 2011 – 2012 period. AFSA also indicates that within this region for an adult population, 1 in 246 people have declared bankruptcy.

New South Wales

  • Sydney’s Western Suburb of Mount Druitt (postcode 2770) recorded the highest number of bankrupts (114) in New South Wales for the 2012 – 2013 period, despite this significant figure, this is a decrease of 34.1% (2011 – 2012). AFSA state that within this region, there is a ratio of 1 bankrupt in 361 people within the adult population.
  • Other regions within NSW that have the second and third largest number of bankruptcies are Campbelltown (postcode 2560) and Liverpool (postcode 2170) with 113 and 110 bankrupts respectively. These areas have both experienced a fall in bankruptcies since 2011 – 2012.


  • The Southern Melbourne district Werribee (postcode 3030) is Victoria’s highest recorded location in terms of bankruptcies with 93 bankrupts during 2012 – 2013. This is a staggering increase of 121.4% since 2011 – 2012. According to AFSA, 1 in 606 people declared bankruptcy during this period.
  • Other regions being Cranbourne (postcode 3977) and neighbouring suburb Frankston South (postcode 3199), recorded 81 and 78 bankruptcies, being the second and third largest recorded bankruptcy regions in Victoria during 2012 – 2013.

The below map of Australia indicates the regions of Insolvent Debtors for 2012 – 2013 for the adult population. 

The statistics included in this article are courtesy of the AFSA website.

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