Businesses in Browns Plains have been named as some of the most at-risk of failure in the country.
The suburb was listed in CreditorWatch’s latest business risk report, which revealed south-east Queensland is one of the riskiest business regions in the country, containing a higher proportion of businesses that are in more risky industries, such as transport postal and warehousing.
Browns Plains was listed as fifth worst in Queensland with a failure rate of 7.2 per cent.
CreditorWatch chief economist, Anneke Thompson, said business conditions, particularly among small businesses which are more sensitive to drops in consumer spending, were likely to remain subdued until at least mid 2024 when cuts to the cash rate are forecast.
