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5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Jun 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/08/2008   
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NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2008 25 November 2008
December 2008 25 February 2009



REVISIONS IN THIS ISSUE

Incorporation of the latest survey data has resulted in revisions to estimates from December 2006 quarter across most items.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Deborah Macpherson on Canberra (02) 6252 7709.


SUMMARY COMMENTARY


KEY FIGURES

Securitisers, Australia - Assets and Liabilities

Mar Qtr 2008
Jun Qtr 2008
% change Mar Qtr 2008 to Jun Qtr 2008
$m
$m
%

Total assets at end of qtr
253 224
238 888
-5.7
of which
Mortgages
Residential
180 578
170 916
-5.4
Non-residential
10 052
8 195
-18.5
Total liabilities at end of qtr
253 224
238 888
-5.7
of which
Asset backed Securities
Issued domestically
158 324
150 804
-4.7
Issued off shore
73 877
68 372
-7.5



Assets of Securitisers

At the end of the June quarter 2008, total assets of Australian securitisers were $238.9b, down $14.3b (5.7%) on the March quarter 2008 total. This is the fourth consecutive fall for the assets of Australian securitisers.

PERCENTAGE CHANGE IN TOTAL ASSETS, from previous quarter
Graph: Percentage Change In Total Assets, from previous quarter


Mortgage assets, which accounted for 75.0% of total assets, were $179.1b at 30 June 2008, a decrease of $11.5b (6.0%) during the quarter.

During the June quarter 2008, residential mortgages decreased by $9.7b (5.4%), while non-residential mortgages decreased $1.9b (18.5%).

NET ACQUISITION OF MORTGAGES DURING QUARTER
Graph: NET ACQUISITION OF MORTGAGES DURING QUARTER



Liabilities of Securitisers

The decrease of $14.3b in total liabilities during the June quarter 2008 was due to decreases in long term asset backed securities issued in Australia (down 6.3b, 5.4%), asset backed securities issued overseas (down $5.5b, 7.5%), loans and placements (down $1.6b, 13.8%), and short term asset backed securities issued in Australia (down $1.2b, 2.9%).

CHANGE IN ASSET BACKED SECURITIES, from previous quarter
Graph: CHANGE IN ASSET BACKED SECURITIES, from previous quarter


The fallout of events in global financial markets has continued to limit the ability of securitisers to issue debt securities during the June quarter 2008.

Asset backed securities issued overseas fell to 28.6% of total liabilities in the June quarter 2008, down 0.6 percentage points on the March quarter 2008.

Asset backed securities issued domestically increased to 63.1% of total liabilities, up 0.6 percentage points on the March quarter 2008.

ASSET BACKED SECURITIES, (percentage of total liabilities)
Graph: ASSET BACKED SECURITIES, (percentage of total liabilities)



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