5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Jun 2008
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 26/08/2008
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REVISIONS IN THIS ISSUE
Incorporation of the latest survey data has resulted in revisions to estimates from December 2006 quarter across most items.
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.
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.
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%).
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%).
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.
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