Key Facts:
- Personal insolvencies in Australia surged 13.1 per cent in the June quarter of 2026 compared with the same period the previous year, with 3,596 Australians entering personal insolvency, according to new AFSA figures.
- Sustained high interest rates, cooling property prices, and rising unemployment are identified as the key pressures driving insolvencies higher, with traditional escape routes such as refinancing and accessing home equity becoming increasingly difficult.
- Business-related personal insolvencies rose 17.8 per cent in the June quarter to 1,093, with insolvency firm Jirsch Sutherland warning that the personal consequences of company failures typically emerge…