A 45-second run through the latest AFSA figures on personal insolvencies and bankruptcies, for which there has been a slight break in the data series.
Firstly, on an annual basis bankruptcies continue to moderate (this is very much a lagging indicator).
The only state in a meaningful uptrend here is Western Australia.
Insolvencies up in WA
Looking now at total personal insolvency activity, this has moved very marginally higher year-on-year.
The main state where total insolvency activity has been rising is Western Australia, while there was also a small increase in New South Wales.
It's worth remember that Western Australia has been through a mining and demographic boom through the past decade-and-a-half, so when you look at insolvency activity per 1000 of population, insolvencies are not yet tracking at particularly high levels, in spite of the clear uptrend.
Overall, a little bit of stress at the margin in evidence, but no more than that.