RBA Cuts Key Rate to Record 2.25%, Says Currency Overvalued. As of today RM 2.76 vs AUD 1. AUD has depreciated more than 15% against RM and probably more against USD.
We see AUD will continue weakens further to below RM 2.60 to RM 2.70 in 6 months. That will be great news for our real estate investment in Australia! Probably a 20% discounted rate to our initial targeted value.