Mining boom hangover bites as WA leads country in insolvency increases – WAtoday

It is not just the Barnett government going broke in west.

The hangover from the mining boom appears to be biting West Australians and local businesses, with the state recording the biggest increase in personal and business insolvencies across Australia for June.

The number of debtors in Perth rose 22.1 per cent in the three months since March, with Joondalup and Rockingham suffering the biggest increases, while South Perth had the biggest fall, new Australian Financial Security Authority data shows.

Local business-related insolvencies increased 33.9 per cent, with Joondalup and Stirling hardest hit during the period.