Capital city arbitrage, page-67

Yes, we live here rent free as townhouse is owned ($700 per week if rented, or $36,000 value well it has 4 bedrooms plus a sunset) and the capital gain averaged over 10 years = $70,000pa.

Net gain of almost $100,000 pa (OK, sorry, didn't factor in the stamp duty, but wouldn't change the argument.) Tax free gain.
OK, since you ask, here is the sunset from a few evenings ago. What value is the sunset? Esp. as there are no houses over the road and can be photographed from front doorstep.