Deleterious
You have been fed a load of BS by your flying school. I work for CX and we employ pilots from all over the world. Infact the largest number of pilots is from Australia including myself. Almost all of us have converted our licences from a CASA licence to the HKCAD licence. Even though learning to fly in Australia is becoming more expensive all the time, it is still considerably cheaper than learning to fly in Europe. By using your head you can save considerable money in your training but one of the most important rules to remember is any advice received from someone with a vested interest should be taken with a grain of salt. Your CFI has a vested interest.