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5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Dec 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/02/2009   
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NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2009 26 May 2009
June 2009 26 August 2009



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Andrew Begg on Canberra (02) 6252 6643.


SUMMARY COMMENTARY


KEY FIGURES

Securitisers, Australia - Assets and Liabilities

Sep Qtr 2008
Dec Qtr 2008
% change Sep Qtr 2008 to Dec Qtr 2008
$m
$m
%

Total assets at end of qtr
229 124
225 640
-1.5
of which
Mortgages
Residential
163 961
155 652
-5.1
Non-residential
8 357
7 916
-5.3
Total liabilities at end of qtr
229 123
225 640
-1.5
of which
Asset backed Securities
Issued domestically
146 926
139 907
-4.8
Issued off shore
67 388
69 076
2.5



Assets of Securitisers

At the end of the December quarter 2008, total assets of Australian securitisers were $225.6b, down $3.5b (1.5%) on the September quarter 2008 total. This is the sixth 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 72.5% of total assets, were $163.6b at 30 December 2008, a decrease of $8.8b (5.1%) during the quarter.

During the December quarter 2008, residential mortgages increased (up $8.3b, 5.1%). This was offset by an increase in other assets (up $4.8b, 58.0%), and holdings of long term asset backed securities (up $1.1b, 6.4%).

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



Liabilities of Securitisers

The decrease of $3.5b in total liabilities during the December quarter 2008 was due to decreases in short term asset backed securities issued in Australia (down $3.7b, 10.5%), long term asset backed securities issued in Australia (down $3.3b, 3.0%), loans and placements (down $1.1b, 14.1%). Offsetting increases occurred in other liabilities to resident (up $3.1b, 48.6%), and asset backed securities, issued offshore (up $1.7b, 2.5%).

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



Asset backed securities issued overseas increased to 30.6% of total liabilities in the December quarter 2008, up 1.2 percentage points on the September quarter 2008.

Asset backed securities issued domestically decreased to 62.0% of total liabilities, down 2.1 percentage points on the September quarter 2008.

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



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