Quick Quote
One simple enquiry form gives you fast access to quotes and rate comparisons from some of Australia's leading debt consolidation specialists.
All quotes are provided free and without obligation by a specialist from our national broker referral panel. See our privacy statement for more details.
Knowledgebase
Loan Application Fees:
Fees that are charged to cover or partially cover the lender's internal costs of setting up a loan approval for a home buyer.
Debt Consolidation Australia :: News
SHARE

Share this news item!

Decline in Personal Insolvencies: A Positive Sign for Australia's Economy

Analyzing the Factors Behind the October 2025 Decrease

Decline in Personal Insolvencies: A Positive Sign for Australia's Economy?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Australian Financial Security Authority (AFSA) has reported a notable decrease in personal insolvencies for October 2025, signaling a positive trend in the financial health of Australians.
A total of 1,116 new personal insolvencies were recorded, down from 1,169 in September 2025 and higher than 1,009 in October 2024.

Of the new personal insolvencies, 601 were bankruptcies, 498 were debt agreements, and 17 were personal insolvency agreements. Additionally, 16 new temporary debt protections were recorded, offering individuals a 21-day respite from unsecured creditor enforcement to seek advice or consider insolvency options.

Where industry information was available, the top three most common employment industries of individuals entering personal insolvency were construction, health care and social assistance, and other services. In October, 318 individuals entering personal insolvency were also involved in a business, including sole traders, partners, or company directors. This is a decrease from 323 in September 2025.

AFSA encourages anyone experiencing financial stress to seek support early. Free and confidential assistance is available through the National Debt Helpline at https://www.ndh.org.au. For those facing or considering formal insolvency options, AFSA recommends contacting a registered trustee or registered debt agreement administrator for professional guidance.

In summary, the decline in personal insolvencies in October 2025 reflects an improvement in the financial well-being of Australians. However, it remains essential for individuals facing financial difficulties to seek assistance promptly to explore available options and mitigate potential risks.

Published:Friday, 6th Feb 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

APRA Implements New Cap on High Debt-to-Income Home Loans
APRA Implements New Cap on High Debt-to-Income Home Loans
06 Feb 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with an exemption for new housing developments. - read more
RBA's October 2025 Financial Stability Review: Key Insights
RBA's October 2025 Financial Stability Review: Key Insights
06 Feb 2026: Paige Estritori
The Reserve Bank of Australia (RBA) has released its October 2025 Financial Stability Review, providing a comprehensive assessment of the nation's financial system amidst a backdrop of global uncertainties. The report underscores that while Australia's financial institutions remain robust, external factors pose significant risks that warrant vigilant monitoring. - read more
Decline in Personal Insolvencies: A Positive Sign for Australia's Economy
Decline in Personal Insolvencies: A Positive Sign for Australia's Economy
06 Feb 2026: Paige Estritori
The Australian Financial Security Authority (AFSA) has reported a notable decrease in personal insolvencies for October 2025, signaling a positive trend in the financial health of Australians. A total of 1,116 new personal insolvencies were recorded, down from 1,169 in September 2025 and higher than 1,009 in October 2024. - read more
Australian Mortgage Market Hits Record $2.41 Trillion
Australian Mortgage Market Hits Record $2.41 Trillion
29 Jan 2026: Paige Estritori
The Australian mortgage market has reached a new milestone, with the total value of residential mortgages climbing to $2.41 trillion in November 2025. This growth is largely attributed to escalating property prices and a surge in lending activity. - read more
Housing Expenses Lead Australians' Financial Worries in 2026
Housing Expenses Lead Australians' Financial Worries in 2026
29 Jan 2026: Paige Estritori
As Australians step into 2026, housing costs have emerged as the foremost financial concern, overshadowing other cost-of-living pressures. The latest Canstar Consumer Pulse Report reveals that 22% of respondents identified mortgage and rent expenses as their primary financial stressor, more than doubling the figure from five years ago. - read more


Debt Consolidation Articles

Common Mistakes to Avoid When Consolidating Debts
Common Mistakes to Avoid When Consolidating Debts
Welcome to our guide on avoiding common mistakes when consolidating debts. We're glad you're here, as taking the time to educate yourself is a crucial step towards financial well-being. - read more
How to Craft a Foolproof Financial Strategy for Debt Management
How to Craft a Foolproof Financial Strategy for Debt Management
Managing debt is a crucial aspect of maintaining financial well-being, yet it can often feel like a daunting task. Understanding how debt works and its potential impact on your life is the first step toward gaining control of your finances. In this section, we will delve into the intricacies of debt and outline why a solid financial strategy is essential for effective debt management. - read more
Monitoring Your Progress: Tracking Financial Goals Post-Debt Consolidation
Monitoring Your Progress: Tracking Financial Goals Post-Debt Consolidation
Welcome to our blog, where we're dedicated to helping you make the most of your financial journey. Today, we're going to delve into an important aspect of financial health: tracking your progress after debt consolidation. - read more
Budgeting 101: A Beginner's Guide to Monthly Expense Planning
Budgeting 101: A Beginner's Guide to Monthly Expense Planning
Budgeting is the process of creating a plan to manage your money. Essentially, it allows you to allocate your income towards expenses, savings, and other financial goals. By keeping track of where your money goes, budgeting helps you ensure that you are not overspending and are prepared for future financial needs. - read more
Debt Negotiation 101: How to Lower Interest Rates and Reduce Payments
Debt Negotiation 101: How to Lower Interest Rates and Reduce Payments
High-interest debt can feel like a relentless cycle for many in Australia, often making it challenging to gain financial ground. Whether it's credit card debt, personal loans, or other forms of borrowing, the compounded interest can quickly become overwhelming. Fortunately, debt negotiation presents a viable solution for those caught in this dilemma, offering a ray of hope to reduce financial burden. - read more