5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Jun 2005

POSSIBLE REVISIONS

It has come to the notice of the ABS that there may be under-reporting of "privately rated, privately placed" asset backed securities in this survey. ABS is working with data providers, industry participants and users to correct this problem and it is anticipated that any revisions resulting will be incorporated in the September 2005 reference quarter release.

It should be noted that the possible revisions relate to mortgages acquired by securitisation trusts from originators, not loan approvals (commitments) by originators compiled in Housing Finance (cat. no. 5609.0).

CHANGES IN THIS ISSUE

As foreshadowed in the Information Paper: Changes to Products Associated with Assets and Liabilities of Australian Securitisers (cat. no. 5232.0.55.002) released 27 May 2005, this is the first web-only release of Securitisers data by ABS. Associated time series are now available on AusStats in Microsoft Excel format, and now include series from Table 3 Loan Assets, providing a more detailed sectoral breakdown of loan assets.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Monica Bourke on Canberra (02) 6252 6052.

SUMMARY COMMENTARY

JUN QTR KEY FIGURES

			Mar Qtr 2005	Jun Qtr 2005	% change Mar Qtr 2005 to Jun Qtr 2005
			$m	$m	%

Total assets			176 541	185 463	5.1
of which
	Mortgages
		Residential	131 650	136 555	3.7
		Non-residential	9 778	11 684	19.5
Total liabilities			176 541	185 463	5.1
of which
	Asset backed Securities
		Issued domestically	92 318	101 322	9.8
		Issued off shore	60 739	60 958	0.4

Assets of Securitisers

At the end of the June quarter 2005, total assets of Australian Securitisers was $185.5 billion, up $8.9 billion (5.1%) on the revised March quarter total.

PERCENTAGE CHANGE IN TOTAL ASSETS, from previous quarter
Graph: Securitisers, Australia - Assets and Liabilities, December 1988 to Current

Mortgage assets, which accounted for 80.0% of total assets, was $148.2 billion at June 2005, an increase of $6.8 billion (4.8%) during the quarter.

During the June quarter 2005, residential mortgages increased by $4.9 billion (3.7%). Commercial mortgages increased by $1.9 billion (19.5%), the highest growth recorded since June 2004 (18.0%).

NET ACQUISITION OF MORTGAGES DURING QUARTER
Graph: Securitisers, Australia - Assets and Liabilities, December 1988 to Current

Asset backed securities

The increase of $8.9 billion in total assets during the June quarter was financed primarily by an increase in asset backed securities issued domestically (up $9.0b, 9.8%) to $101.3 billion. Asset backed securities issued off-shore increased slightly ($0.2b) to $61 billion. The increase in domestic issuance was due to the increase in long term asset backed securities issued (up $6.7b, 9.8%), mirroring the growth in short term asset backed securities issued, (up $2.3b, 9.7%). These increases more than offset a reduction of $1.5 billion in other liabilities to non-residents (11.3%).

INCREASE IN ASSET BACKED SECURITIES, from previous quarter
Graph: Securitisers, Australia - Assets and Liabilities, December 1988 to Current

Asset backed securities issued overseas fell to 32.9% of total liabilities in the June 2005 quarter, down 1.5 percentage points on the March quarter. Asset backed securities issued domestically rose to 54.6%, up 2.3 percentage points of total liabilities.

ASSET BACKED SECURITIES, (percentage of total liabilities)
Graph: Securitisers, Australia - Assets and Liabilities, December 1988 to Current

This page last updated 20 June 2006

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