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Assets of Australian securitisers were down 5.7 per cent to $238.9 billion at the end of the June quarter compared to the March quarter – the fourth consecutive quarterly fall the ABS data revealed today.
Mortgage assets, which accounted for 75 per cent of total assets, were down six per cent during the quarter to $179.1 billion. This compared to $216.9 billion in the June quarter 2007.
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Residential mortgages decreased by $9.7 billion (5.4 per cent) during the quarter while non-residential mortgages decreased by a hefty 18.5 per cent to $8.2 billion.
Over the quarter, asset-backed securities issued overseas fell by 0.6 per cent while those issued domestically rose 0.6 per cent.
