Related topics

·

03 Mar 2014

The Numbers are in, which Suburbs have the Highest Number of Bankrupts?

READ TIME

5 min

TAGS

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

Business can be tough

Our team is focused and ready to help

Get in touch

Subscribe for all the latest help and news

Subscribe