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| Regular Member |
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| 5075 Posts |
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| Australia |
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| posted by xpat-Aussie 293 days ago |
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Anyone have one? I'm thinking about refinancing my existing loans (Mortgages on Australian property) and perhaps getting another, and borrowing in either JPY, or SGD.
Anyone have any experience here? Yen is so cheap it's almost free, but the forex exposure is pretty severe, I don't see the yen being this cheap forever. It would seem there's more forex risk, than the interest rate bonus (only around 2% and perhaps less!). Sing dollar loans come in at, or under 4%, and it would seem to me a more stable relationship with the Aus dollar. Another unwinding of carry trade and the Yen v AUD will go sky high!
PS:, Aus interest rates are currently around 7.9% and won;t be going down any time soon. There's still perhaps another hike left in there, as core inflation is sitting at around 3.9% :(
"...and once you have tasted flight,
you will walk the earth with your eyes turned skyward,
for there you have been and there you long to return...."
-Leonardo DaVinci
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