Newby Posted January 26, 2015 Report Share Posted January 26, 2015 I am thinking of buying a property in Australia, and I can do the mortgage in either US$ or A$. The interest rates are: Loan below AUD300,0001 month loan interest rate as of today is 5.4% for AUD, 2.97%pa for HKD & USDLoan above AUD300,0001 month loan interest rate as of today is 5.9% for AUD, 3.47%pa for HKD & USD I believe it makes sense to make a mortgage in US$, 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 loanmax. 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 Link to comment Share on other sites More sharing options...
drbubb Posted January 26, 2015 Report Share Posted January 26, 2015 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 Link to comment Share on other sites More sharing options...
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