The latest ABS data covering the Assets and Liabilities of Australian Securitisers was released today, to June 2016. Total assets of Australian securitisers were $138.7b, up $2.6b (1.9%) on 31 March 2016, though still well below the GFC peak. The increase in total assets was mainly due to an increase in residential mortgage assets (up $1.4b, 1.2%), other loans (up $0.8b, 5.4%) and; cash and deposits (up $0.2b, 4.5%). This rise is linked to the momentum in the mortgage market, and includes the non-bank sector, who are lending more, using securitised funding.
The bulk of issuance was within Australia, quite different from pre-GFC. Asset backed securities issued in Australia as a proportion of total liabilities decreased to 76.4%, down 0.9% on the March quarter 2016 proportion of 77.3%. Asset backed securities issued overseas as a proportion of total liabilities increased to 4.6%, up 0.1% on the March quarter 2016 proportion of 4.5%.
At 30 June 2016, total liabilities of Australian securitisers were $138.7b, up $2.6b (1.9%) on 31 March 2016. The increase in total liabilities was due to an increase in loan and placements (up $1.7b, 7.1%), long term asset backed securities issued in Australia (up $1.1b, 1.1%), and asset backed securities issued overseas (up $0.3b, 4.2%).
