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.

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.