Powered by MOMENTUM MEDIA
Broker Daily logo

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.

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]

More on Economy
20 January 2025
New data has revealed a dire scenario of uncertainty among small businesses during the last months of 2024.
20 January 2025
Recent economic trouble is taking a toll on Aussies, with a large increase in the number of people seeking financial ...
17 January 2025
As 2024 wrapped up, data revealed a drop in consumer spending. What followed was small- to medium-sized businesses ...