The latest official figures released by the Australian Financial Security Authority (AFSA) have revealed some very interesting demographic data on those who are affected by personal insolvency on a postcode basis. This is the second time that AFSA has released this data publicly.
AFSA’s Inspector-General in Bankruptcy, Ms Veronique Ingram, said “the statistics release gave aggregate data about levels of individual bankruptcy and other forms of individual insolvency by postcode.”
A number of media has picked up these statistics reporting the postcodes in their region with the highest amount of bankrupts, we think it worthy to also report on the volume of bankrupts in relation to the population in the suburb.
The data demonstrates that the highest number of bankrupts when compared to population is South East Melbourne with 1 in 164 people being declared bankrupt with the Murray area in NSW in second place with 1 in 172 people and then the Gold Coast bringing up third spot with 1 in 189 people.
QLD
Top 3 postcodes in relation to population:
4209 - Gold Coast - 121 bankrupts equalling 1 in 189 people
4226 - Gold Coast - 109 bankrupts equalling 1 in 209 people
4174 - Brisbane East - 8 bankrupts totalling 1 in 242 people
Top 3 postcodes in relation to highest number of bankrupts:
4211 - Gold Coast - 169 bankrupts equalling 1 in 246 people
4209 - Gold Coast - 121 bankrupts equalling 1 in 189 people
4215 - Gold Coast - 116 bankrupts equalling 1 in 323 people
NSW
Top 3 postcodes in relation to population:
2647 - Murray - 9 bankrupts equalling 1 in 172 people
2402 - New England and North West - 6 bankrupts equalling 1 in 246 people
2713 - Murray - 9 bankrupts equalling 1 in 261 people
Top 3 postcodes in relation to highest number of bankrupts:
2770 - Blacktown Sydney - 114 bankrupts equalling 1 in 361 people
2560 - Outer South West Sydney - 113 bankrupts equalling 1 in 470 people
2170 - South West Sydney - 110 bankrupts equally 1 in 633 people
VIC
Top 3 postcodes in relation to population:
3809 - South East Melbourne - 8 bankrupts equalling 1 in 164 people
3427 - North West Melbourne - 8 bankrupts equalling 1 in 224 people
3253 - Bendigo - 11 bankrupts equalling 1 in 263 people
Top 3 postcodes in relation to highest number of bankrupts:
3030 - West Melbourne - 93 bankrupts totalling 1 in 606 people
3977 - South East Melbourne - 81 bankrupts equalling 1 in 599 people
3199 - Mornington Peninsula - 78 bankrupts equalling 1 in 532 people
ACT
Top 3 postcodes in relation to population:
2905 - Tuggeranong - 32 bankrupts equalling 1 in 671 people
2615 - Belconnen - 30 bankrupts equalling 1 in 1094 people
2913 - Gungahlin - 23 bankrupts equalling 1 in 806 people
Top 3 postcodes in relation to highest number of bankrupts:
2900 - Tuggeranong - 4 bankrupts equalling 1 in 316 people
2912 - Gungahlin - 10 bankrupts equalling 1 in 534 people
2906 - Tuggeranong - 20 bankrupts equalling 1 in 643 people
SA
Top 3 postcodes in relation to population:
5115 - North Adelaide - 20 bankrupts equalling 1 in 243 people
5112 - North Adelaide - 54 bankrupts equalling 1 in 263 people
5168 - South Adelaide - 13 bankrupts equalling 1 in 276 people
Top 3 postcodes in relation to highest number of bankrupts:
5108 - North Adelaide - 59 bankrupts equalling 1 in 479 people
5112 - North Adelaide - 54 bankrupts equalling 1 in 263 people
5114 - North Adelaide - 53 bankrupts equalling 1 in 387 people
TAS
Top 3 postcodes in relation to population:
7016 - Hobart - 9 bankrupts equalling 1 in 230 people
7120 - South East - 5 bankrupts equalling 1 in 300 people
7303 - Launceston and North East - 6 bankrupts equalling 1 in 302 people
Top 3 postcodes in relation to highest number of bankrupts:
7250 - Launceston and North East - 66 bankrupts equalling 1 in 548 people
7010 - Hobart - 34 bankrupts equalling 1 in 365 people
7248 - Launceston and North East - 34 bankrupts equalling 1 in 348 people
WA
Top 3 postcodes in relation to population:
6037 - North West Perth - 6 bankrupts equalling 1 in 276 people
6536 - Outback WA - 4 bankrupts equalling 1 in 287 people
6429 - Outback WA - 4 bankrupts equalling 1 in 299 people
Top 3 postcodes in relation to highest number of bankrupts:
6210 - North West Perth - 58 bankrupts equalling 1 in 817 people
6230 - Bunbury - 54 bankrupts equalling 1 in 566 people
6065 - North West Perth - 42 bankrupts equalling 1 in 884 people
Northern Territory
Top 3 postcodes in relation to population:
0828 - Darwin - 5 bankrupts equalling 1 in 277 people
0870 - Outback NT - 23 bankrupts equalling 1 in 808 people
0830 - Darwin - 11 bankrupts equalling 1 in 1,122 people
Top 3 postcodes in relation to highest number of bankrupts:
0870 - Outback NT - 23 bankrupts equalling 1 in 808 people
0810 - Darwin - 16 bankrupts equalling 1 in 1,413 people
0830 - Darwin - 11 bankrupts equalling 1 in 1,122 people
For the detailed breakdown of these statistics and accompanying commentary, please visit AFSA's website at: https://www.afsa.gov.au/resources/media-kit/media-archive/media-release-afsa-releases-personal-insolvency-activity-statistics-by-postcode-2012-13