Powered by MOMENTUM MEDIA
subscribe to our newsletter
Securitiser assets up by $7.3bn in December quarter

Securitiser assets up by $7.3bn in December quarter

Assets held by securitisers spiked by 6 per cent in the December quarter, according to the latest figures from the Australian Bureau of Statistics.

Over the three months ending in December 2017, the total assets held by securitisers rose to $132.5 billion, up from $125.2 billion in the September quarter, according to data from the ABS.

The 6 per cent rise was driven by an increase in residential mortgage assets, which jumped from $99.5 billion in the September quarter to $105.8 billion in the December quarter.

Advertisement
Advertisement

Non-residential mortgages totalled $1.7 billion over the same quarter.

Meanwhile, total liabilities held by Australians securitisers increased by 5.9 per cent, which the ABS attributed to an increase in long-term asset-backed securities issued in Australia, up by $8.6 billion.

According to the ABS, the increase in total liabilities was offset by a reduction in short-term asset-backed securities issued in Australia, which fell by $1.1 billion, as well as a decline in loan and placements, down by $300 million.

Asset-backed securities issued in Australia as a proportion of total liabilities rose by 89.8 per cent, up from 89.1 per cent in the September quarter, while those issued overseas dropped to 2.6 per cent, down by 0.1 percentage points from 2.7 per cent in the September quarter.

[Related: Mortgage arrears rise for the first time in four months]

Securitiser assets up by $7.3bn in December quarter
mortgagebusiness

 

Latest News

Westpac and the Commonwealth Bank’s share of the third-party mortgage market has spiked, in contrast to sharp declines from NAB and ANZ, t...

A non-major lender has dropped its fixed mortgage rates, becoming the fourth lender to reprice its offerings over the past two weeks.   ...

The interest lenders earn on mortgages is expected to remain under pressure this year and next, according to Moody’s. ...

FROM THE WEB
podcast

LATEST PODCAST: What drops in fixed rates may mean for the mortgage market

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?