Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional), 5 x finance author.

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Tuesday, 30 January 2018

Insolvencies rise, in WA

Insolvencies rise

The Aussie government (ASFA) released its latest insolvency statistics for the December 2017 quarter.

The figures showed an increase over the year to 31,288, up from 29,687 in 2016.

Since 2015, the increase has mainly been driven by Western Australia.

Looking at insolvencies per 1,000 persons, there are some signs of stress in Western Australia and the Northern Territory.

Not much elsewhere, truth be told, although there was a bit of an increase in Tasmania.

Bankruptcies easing

There were 16,378 Part IV & Part XI bankruptcies in 2017, which was down from 16,842 in 2016.

Not really much to see here, except a similar increase since 2015 in WA.

The wrap

Some stress in WA and the Northern Territory.

Not really much showing up elsewhere.