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  • Profile photo of MyRoomMyRoom
    Member
    @myroom
    Join Date: 2012
    Post Count: 7

    :-) Thank you again Terry.

    Profile photo of MyRoomMyRoom
    Member
    @myroom
    Join Date: 2012
    Post Count: 7

    Hi Michael  Chan, What is LMI?

    Excuse my ignorance.

    Thank you.

    I have given this all some further thought and now can see that with the Australian dollar so high that it would not be in ones best interest to borrow Chinese Yuan to fund the purchase. I expect the Aust., dollar to fall in the medium term.

    Once the Australian dollar returns to more historical norm levels, (at least back to USD.0.80) if I had borrowed CNY then I've lost the benefit of the appreciating Chinese currency, actually it would all be working against me.

    I can put together the 20% deposit – to secure financing in Australia.

    Regards,

    Michael

    Profile photo of MyRoomMyRoom
    Member
    @myroom
    Join Date: 2012
    Post Count: 7
    Profile photo of MyRoomMyRoom
    Member
    @myroom
    Join Date: 2012
    Post Count: 7

    Xie Xie 谢谢 Terry.

    Profile photo of MyRoomMyRoom
    Member
    @myroom
    Join Date: 2012
    Post Count: 7

    Hello Nigel

    It is not something I had considered!

    If you have something that I could consider I would appreciate it.

    What if any title would I have?

    Regards,

    Michael

    Profile photo of MyRoomMyRoom
    Member
    @myroom
    Join Date: 2012
    Post Count: 7

    Thank you Terry.

    Which Australian Bank would you suggest I try first or do you think it's better to go here in China first?

    Regards,

    Michael

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