An Overview Of Australia's Housing Market And Residential Mortgage-Backed Securities

Standard & Poor's Ratings Services

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Date Published 2012
Primary Author Vera Chaplin, Erin Kitson, Kate J. Thomson
Other Authors
Country Australia


Investors in Australian residential mortgage-backed securities (RMBS) continue to benefit from the strong credit performance of the underlying residential mortgage portfolios. However, there is only muted growth in new RMBS issuance activity where real-money investors, including limited foreign investors, are gradually re-emerging. Until quite recently, the Australian government's partake in Australian RMBS has been heavily relied on to underpin the utility of Australian securitization as a source of funding for mortgage originators--who themselves are experiencing a reduction in demand for credit.

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