New data shows how likely a Ballarat business is to go bust

Creditor Watch has just released the latest Business Risk Index data which ranks 300 Australian geographies by insolvency risk, and there’s far worse spots than Ballarat to do business.

Unley in South Australia is ranked as the lowest risk location in the country.

Whilst the worst areas are pockets of Western Sydney and Southeast Queensland at 7.8% risk by this time next year.

By comparison, Ballarat’s probability of default is 4.7% whilst Geelong sits at 5.2%, with Bendigo at 4.5%