Hi all,

Our first IP (well family home really) is in Kingston TAS, 4bed/1bath, 1/2 acre, purchased Sept 2000 for $129K. Just been revalued @ $260K. We are looking @ sub div and building as a rental or wrap.

2nd IP 1860’s sandstone cottage in New Town TAS. $200K last August, only signed off 2 weeks ago due to easment issues, revalued @ $280K. Currently renovating, expect commercial rental around $300-350 pw. Might even make something on the old 1800 – 1830’s copper and silver coins and artifacts that are all over the place. Unbeleivably exciting.

TAS growth is expected to be around 18% this coming year so as far as capital growth goes we’re doin just fine.

Thanks or sharing. Mike javascript:insertsmilie(‘[thumbsupanim]’)