The Australian Financial Security Authority (AFSA) recently released the Personal Property Securities Register (PPSR) statistics for the 2016 June quarter.
The release confirms the continuous increase in the use of the PPSR, particularly in relation to commercial property which continues to remain the most common type of collateral. As at 30 June 2016, commercial property registrations accounted for 73.1% of all 9,021,771 registrations on the PPSR.
In the 2016 June quarter, there were a total of 557,063 new registrations; 1,0241,927 registration amendments; and 356,820 registrations discharged or removed. Motor vehicles remained the most common collateral class and at 30 June 2016 accounted for 49.6% of all registrations. PPSR searches increased this quarter by 7.6% compared to the 2015 June quarter, and by 10.7% when compared to the 2016 May quarter.
The full release can be accessed via the AFSA website.
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