What makes me laugh is the ever changing requirements of GA in Australia. One minute you need a Baron endo next a NVFR is essential. No matter what you have they all seem to want something you don't have.
I'm sad to say that many operators will think your a little over experienced for an entry level position. The magic number for the first job seems to be 400 hours. Convincing the CP of whatever company you apply to that you won't run away after getting a few multi hours will be tough also.
Good luck in your travels and I hope your successful in your quest. The whole 200 series time thing is just a filter to get less people knocking on their doors. I wouldn't waste money on renting one.