Properties in Kingston Tas seem to be on the up in the median price range anyway. A basic 3BR brick veneer tiled roof house with ensuite and with storage under purchased for $205000 31/2 years ago sold in less than 2 weeks for $295000 this month. Even after $10000 spent on improvements and allowing for $10000 agents selling commission not a bad return. Borrowed 100% + costs + improvements and was getting $260 per week rent. Paid $400 for a valuation that suggested $280000 and rental value of $280 per week. That is 1 of 4 negatively geared properties out of the portfolio.
Rather pleased I paid for the valuation before putting it on the market.
Best Wishes
Hawks1