Foreign currency demoninated loan
#1
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Joined: May 2004
Location: Tropicana
Posts: 102
Foreign currency demoninated loan
I went to a talk with regards to investment in Australian properties. The speaker mentioned about opting for foreign currency denominated loan in order to reduce interest payment when purchasing properties in Australia.
e.g. The Interest rate on the Yen is approx 2.25% while the AUD is approx 7%. Therefore, the borrower is 'technically' better-off if he/she opted for a Yen denominated loan from an Australian bank.
Guys, what's your opinion on this????
Dave ..
e.g. The Interest rate on the Yen is approx 2.25% while the AUD is approx 7%. Therefore, the borrower is 'technically' better-off if he/she opted for a Yen denominated loan from an Australian bank.
Guys, what's your opinion on this????
Dave ..
#2
Re: Foreign currency demoninated loan
Originally Posted by dave_wong
I went to a talk with regards to investment in Australian properties. The speaker mentioned about opting for foreign currency denominated loan in order to reduce interest payment when purchasing properties in Australia.
e.g. The Interest rate on the Yen is approx 2.25% while the AUD is approx 7%. Therefore, the borrower is 'technically' better-off if he/she opted for a Yen denominated loan from an Australian bank.
Guys, what's your opinion on this????
Dave ..
e.g. The Interest rate on the Yen is approx 2.25% while the AUD is approx 7%. Therefore, the borrower is 'technically' better-off if he/she opted for a Yen denominated loan from an Australian bank.
Guys, what's your opinion on this????
Dave ..
#3
Forum Regular
Joined: Mar 2005
Location: Adelaide
Posts: 225
Re: Foreign currency demoninated loan
Originally Posted by dave_wong
I went to a talk with regards to investment in Australian properties. The speaker mentioned about opting for foreign currency denominated loan in order to reduce interest payment when purchasing properties in Australia.
e.g. The Interest rate on the Yen is approx 2.25% while the AUD is approx 7%. Therefore, the borrower is 'technically' better-off if he/she opted for a Yen denominated loan from an Australian bank.
Guys, what's your opinion on this????
Dave ..
e.g. The Interest rate on the Yen is approx 2.25% while the AUD is approx 7%. Therefore, the borrower is 'technically' better-off if he/she opted for a Yen denominated loan from an Australian bank.
Guys, what's your opinion on this????
Dave ..
If you manage to find a Japanese bank that will give you a loan on an Australian property, please let me know.
#4
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Thread Starter
Joined: May 2004
Location: Tropicana
Posts: 102
Re: Foreign currency demoninated loan
Thanks guys for the feedback.
I have not set foot in Australia at this point in time. However, I am planning to make the move sometime next year. FYI, the talk was organised by a local rep office of PRD (Property Research Development) Australia. The speaker has approx 100 properties in his portfolio and he manages some of these properties via loans derived from foreign denominated currency.
I have not set foot in Australia at this point in time. However, I am planning to make the move sometime next year. FYI, the talk was organised by a local rep office of PRD (Property Research Development) Australia. The speaker has approx 100 properties in his portfolio and he manages some of these properties via loans derived from foreign denominated currency.
#5
Re: Foreign currency demoninated loan
Originally Posted by dave_wong
Thanks guys for the feedback.
I have not set foot in Australia at this point in time. However, I am planning to make the move sometime next year. FYI, the talk was organised by a local rep office of PRD (Property Research Development) Australia. The speaker has approx 100 properties in his portfolio and he manages some of these properties via loans derived from foreign denominated currency.
I have not set foot in Australia at this point in time. However, I am planning to make the move sometime next year. FYI, the talk was organised by a local rep office of PRD (Property Research Development) Australia. The speaker has approx 100 properties in his portfolio and he manages some of these properties via loans derived from foreign denominated currency.
S