NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
June 2008	26 August 2008
September 2008	25 November 2008

REVISIONS IN THIS ISSUE

Incorporation of the latest survey data has resulted in revisions to estimates for September and December 2007 quarters, across most items.


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


KEY FIGURES

Securitisers, Australia - Assets and Liabilities
			Dec Qtr 2007	Mar Qtr 2008	% change Dec Qtr 2007 to Mar Qtr 2008
			$m	$m	%
Total assets at end of qtr			260 208	263 860	1.4
of which
	Mortgages
		Residential	189 462	192 290	1.5
		Non-residential	10 105	10 052	-0.5
Total liabilities at end of qtr			260 208	263 860	1.4
of which
	Asset backed Securities
		Issued domestically	164 053	173 208	5.6
		Issued off shore	78 557	69 574	-11.4

Assets of Securitisers

At the end of the March quarter 2008, total assets of Australian securitisers were $263.9b, up $3.7b (1.4%) on the December quarter 2007 total. A slight increase following reported decreases in September and December 2007 quarters.

Mortgage assets, which accounted for 76.7% of total assets, were $202.3b at 31 March 2008, an increase of $2.8b (1.4%) during the quarter.

During the March quarter 2008, residential mortgages increased by $2.8b (1.5%), while long term asset backed securities increased $1.2b (5.8%).

Liabilities of Securitisers

The increase of $3.7b in total liabilities during the March quarter 2008, was due to an increase in long term asset backed securities issued in Australia (up 11.8b, 9.9%) and loans and placements (up $4.0b, 53.5%), while asset backed securities issued overseas decreased (down $9.0b, 11.4%).

The fallout of events in global financial markets have resulted in movements from offshore to domestic markets. Long term asset backed securities issued domestically recorded a record high while short term asset backed securities issued domestically remained at a relative high level.

Asset backed securities issued overseas fell to 26.4% of total liabilities in the March quarter 2008, down 3.8 percentage points on the December quarter 2007.

Asset backed securities issued domestically increased to 65.6% of total liabilities, up 2.6 percentage points on the December quarter 2007.