The Australian securitisation market is holding up well, with an increase in outstanding debt securities during the June quarter, but there has been a shift away from mortgage-backed issuance to other loan types. The latest Australian Bureau of Statistics data on assets and liabilities of Australian securitisers show a 1.3 per cent increase in the value of securities to A$165.5 billion at the end of June. The latest figures are a turnaround from the March and December quarters, when the value of outstanding assets in the Australian securitisation market fell. There was a 1.5 per cent fall in the value of mortgage-backed securities to $123.5 billion but this fall was offset by an increase in “other loans to households” and “loans to private non-financial corporations”. The figures reflect recent commentary from lenders that fund through the securitisation market, such as Pepper Money and Resimac, that competitive pressure in the mortgage market has forced them to turn their attention to areas like asset finance. Bloomberg data on new issuance show that mortgage-backed securities transactions peaked in 2021, declined in 2022 and look like declining again this year. Among the big RMBS issuers, Bloomberg reports that Firstmac, Macquarie Bank, AFG, MyState and Athena have not issued this year.  Meanwhile, at the halfway point of the year issuance backed by “other loan types” is close to the level of issuance for the full year in 2021 and 2022. Some recent ABS issuers include Angle Finance, which launched a A$250 million transaction backed by auto and equipment loans this week, Pepper Money, Avanti Finance, humm, Harmoney and Volkswagen Financial Services Australia.