US$ mortgage to buy property in Australia?

[Newby]

I am thinking of buying a property in Australia, and I can do the mortgage in either US$ or A$. The interest rates are:

 

Loan below AUD300,000
1 month loan interest rate as of today is 5.4% for AUD, 2.97%pa for HKD & USD

Loan above AUD300,000
1 month loan interest rate as of today is 5.9% for AUD, 3.47%pa for HKD & USD

 

I believe it makes sense to make a mortgage in US$, right? It's about 2.5% cheaper than the A$, and historically the US$ has been losing value compared to the US$. Although it might be better to wait another couple of months before signing the mortgage, since the A$ is expected to cheaper a bit more.

 

The total amounts that can be borrowed are:

 

max,. 80% for AUD loan
max. 75% for HKD loan

 

P.S.: I would buy this property for the long-term (20 years +) and not to flip or for a quick buck

[drbubb]

I believe it makes sense to make a mortgage in US$, right?

 

Here's the chart:

xx

 

It may, as long as you have sufficient USD income,

but you never know

 

I am much less sure that it is the right time to buy property in Oz