5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Dec 2005  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/02/2006   
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NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2006 26 May 2006
June 2006 25 August 2006



REVISIONS IN THIS ISSUE

Incorporation of final survey data has resulted in revisions to estimates for residential mortgages in Table 1 and Table 3 of this issue, and asset backed securities and other resident liabilities in Table 2 of this issue.


INQUIRIES

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



SUMMARY COMMENTARY


DEC QTR 2005 KEY FIGURES



Securitisers, Australia - Assets and Liabilities, December 1988 to Current

Sept Qtr 2005
Dec Qtr 2005
% change Sept Qtr 2005 to Dec Qtr 2005
$m
$m
%
Total assets
190 480
194 225
2.0
of which
Mortgages
Residential
142 923
144 259
0.9
Non-residential
13 110
13 132
0.2
Total liabilities
190 480
194 225
2.0
of which
Asset backed Securities
Issued domestically
101 635
103 005
1.3
Issued off shore
66 455
66 996
0.8


Assets of Securitisers

At the end of the December quarter 2005, total assets of Australian Securitisers was $194.2b, up $3.7b (2.0%) on the revised September quarter 2005 total.

PERCENTAGE CHANGE IN TOTAL ASSETS, from previous quarter
Graph: Securitisers, Australia - Percentage Change in Total Assets



Mortgage assets, which accounted for 81.0% of total assets, were $157.4b at the end of December quarter 2005, an increase of $1.4b (up 0.9%) during the quarter.

During the December quarter 2005, residential mortgages increased by $1.3b (up 0.9%). Non-residential mortgages increased slightly to $13.1b (up 0.2%).

NET ACQUISITION OF MORTGAGES DURING QUARTER
Graph: Securitisers, Australia - Net Acquisition of Mortgages During Quarter



Asset backed securities

The increase of $3.7b in total assets during the December quarter 2005 was financed primarily by an increase in asset backed securities issued domestically (up $1.4b, 1.3%), with an increase in long term asset backed securities issued (up $1.9b, 2.4%) offsetting the reduction in short term asset backed securities issued (down $0.6b, -2.6%). There were also increases in other liabilities to non-residents (up $1.1b, 9.0%) and asset backed securities issued offshore (up $0.5b, 0.8%).

INCREASE IN ASSET BACKED SECURITIES, from previous quarter
Graph: Securitisers, Australia - Increase in Asset Backed Securities



Asset backed securities issued overseas fell slightly to 34.5% of total liabilities in the December quarter 2005, down 0.4 percentage points on the September quarter 2005. Asset backed securities issued domestically fell to 53.0%, down 0.4 percentage points on the revised September quarter 2005 total.

ASSET BACKED SECURITIES, (percentage of total liabilities)
Graph: Securitisers, Australia - Asset Backed Securities