The ABS released the latest data to September 2016. At 30 September 2016, total assets of Australian securitisers were $118.5b, down $4.8b (3.9%) on 30 June 2016. Lenders are using other funding channels, thanks to larger securitisation spreads.
During the September quarter 2016, the decrease in total assets was due to a decrease in residential mortgage assets (down $3.4b, 3.4%), other loans (down $0.8b, 4.9%) and; cash and deposits (down $0.3b, 7.0%).
At 30 September 2016, asset backed securities issued overseas as a proportion of total liabilities decreased to 3.8%, down 0.6% on the June quarter 2016 proportion of 4.4%. Asset backed securities issued in Australia as a proportion of total liabilities increased to 87.2%, up 0.4% on the June quarter 2016 proportion of 86.8%.
Note the ABS proposes to move the release date of Securitisers from the December 2016 quarter onwards to align closer to the release of Australian National Accounts: Finance and Wealth (cat. no. 5232.0). Dependant on feedback, future release dates will be three weeks prior to the release of Australian National Accounts: Finance and Wealth, with the exception of September quarters which will be released two weeks prior.
