GYMPIE-COOLOOLA has taken out the crown for highest insolvency rate in the Wide Bay Burnett, and the 21st highest in the state out of 83.
New data reveals the Gympie-Cooloola per capita rate is at least eight points above its neighbours.
The Australian Financial Security Authority’s latest regional personal insolvency statistics reveal the region’s rate per 100,000 people (aged 18+) is 64.1, topping Maryborough (55.8), Hervey Bay (51.1), Bundaberg (47.9) and Burnett (34.2).
There were 25 new debtors in Gympie-Cooloola in the December 2017 financial quarter, the same as there was in September 2017, and a touch above the average since December 2013.
Griffith University’s Business School’s Dr Tracey West said there were a number of factors…
Read the full article at: https://www.gympietimes.com.au/news/gympie-cooloola-claims-wide-bay-debt-crown/3336540/
