5232.0.55.001 - Assets and Liabilities of Australian Securitisers, Mar 2006  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 26/05/2006   
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NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2006 25 August 2006
September 2006 24 November 2006



REVISIONS IN THIS ISSUE

Incorporation of final survey data has resulted in revisions to estimates for:
  • Long term asset backed bonds; Residential Mortgages; Non-Residential Mortgages; Other Loans; and Other assets in table 1;
  • Long and Short term asset backed securities issued within Australia; Loans and placements; and Other liabilities to residents in table 2;
  • Residential Mortgages; Other loans to households; and Loans to private non-financial corporations in table 3.


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


MAR QTR KEY FIGURES

Securitisers, Australia - Assets and Liabilities, December 1988 to Current
Dec Qtr 2005
Mar Qtr 2006
% change Dec Qtr 2005 to Mar Qtr 2006
$m
$m
%
Total assets at end of qtr
194 989
204 833
5.0
of which
Mortgages
Residential
143 836
152 762
6.2
Non-residential
12 374
12 723
2.8
Total liabilities at end of qtr
194 989
204 833
5.0
of which
Asset backed Securities
Issued domestically
103 170
109 907
6.5
Issued off shore
66 996
69 906
4.3

Assets of Securitisers

At the end of the March quarter 2006, total assets of Australian Securitisers were $204.8b, up $9.8b (5.0%) on the revised total for the end of December quarter 2005.

PERCENTAGE CHANGE IN TOTAL ASSETS, from previous quarter
Graph: 2 PERCENTAGE CHANGE IN TOTAL ASSETS, from previous quarter



Mortgage assets, which accounted for 80.8% of total assets, were $165.5b at the end of March 2006, an increase of $9.3b (5.9%) on the revised end of December quarter 2005 total. Residential mortgages increased by $8.9b (6.2%), and non-residential mortgages increased by $0.3b (2.8%).

NET ACQUISITION OF MORTGAGES DURING QUARTER
Graph: 3 NET ACQUISITION OF MORTGAGES DURING QUARTER



Asset backed securities

The increase of $9.8b in total assets during the March quarter 2006 was financed primarily by an increase in asset backed securities issued domestically (up $6.7b, 6.5%), with an increase in both long term (up $5.8b, 7.1%) and short term asset backed securities issued (up $0.9b, 4.3%).


There were also increases in asset backed securities offshore (up $2.9b, 4.3%) and other liabilities to non-residents (up $1.3b, 9.6%).

INCREASE IN ASSET BACKED SECURITIES, from previous quarter
Graph: 4 INCREASE IN ASSET BACKED SECURITIES, from previous quarter



Asset backed securities issued overseas fell slightly to 34.1% of total liabilities at the end of the March quarter 2006, down 0.2 percentage points on the end of the December quarter 2005 figure. Asset backed securities issued domestically increased to 53.7% of total liabilities at the end of March 2006 (up 0.7 percentage points).

ASSET BACKED SECURITIES, (percentage of total liabilities)
Graph 5: ASSET BACKED SECURITIES, (percentage of total liabilities)