Suburbs in western Sydney and south-east Queensland dominate the list of areas that have the highest risk of business failure for 2024, according to CreditorWatch’s November Business Risk Index. The report, which assesses the risk of failures in locations with more than 5000 registered businesses, found the Sydney suburb of Merrylands-Guildford is likely to see the most businesses collapse next year, followed by Canterbury and Bankstown, also in Sydney’s west. Ormeau-Oxenford and Southport, both on the Gold Coast, ranked fourth and fifth highest, followed by Auburn in Western Sydney, Surfers Paradise on the Gold Coast, Kogarah-Rockdale in Sydney’s south, Broadbeach-Burleigh on the Gold Coast and Caloundra on Queensland’s Sunshine Coast.
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