Check out these awesomely cheap houses for sale in Hobart. Where the median house price currently stands at $930,000, we’ve handpicked a selection of properties significantly below this average, providing exceptional value for first-time buyers and investors alike.
Whether nestled in the vibrant suburb of West Moonah or the tranquil streets of Chigwell, our listings offer an attractive entry point into one of Tasmania’s most sought-after real estate markets.
You can just read on to discover homes that combine comfort with affordability, all while offering the lifestyle benefits and conveniences of Hobart living.
Additionally, learn about the best places to live in Tasmania for a broader view of available real estate options across the state.
Here’s a quick snapshot of the properties listed.
| Property Address | Price | Suburb Median House Price |
|---|---|---|
| Unit 1/3 Bermuka Street, West Moonah, TAS | $375,000 | $613,000 |
| 15 Apanie Crescent, Chigwell, TAS | $415,000 | $485,000 |
| 1 Charlotte Street, New Norfolk, TAS | $420,000 | $480,000 |
| 13 Apanie Crescent, Chigwell, TAS | $425,000 | $485,000 |
| 117 Mockridge Road, Clarendon Vale, TAS | $425,000 | $386,000 |
| 53 Finlay Street, Bridgewater, TAS | $429,000 | $431,102 |
| 27 Canberra Road, Claremont, TAS | $439,000 | $431,102 |
While some of the houses on our list may have been sold, don’t let that deter you.
Just keep the suburbs in mind when setting up your match profile on Soho, and we’ll send you property matches as soon as new listings hit the market, so you don’t miss a beat.
Cheap Houses for Sale in Hobart Under $400,000
$375,000: Unit 1/3 Bermuka Street, West Moonah, TAS
- Suburb median house price: $613,00
Located in West Moonah, this contemporary two-bedroom unit presents a fabulous opportunity for first-time homebuyers or investors.
The unit features a spacious and sunny living room, a kitchen with a dining area, and built-in wardrobes in the main bedroom. It also includes a private courtyard and storage under the unit, plus a car park right at the front door, along with additional visitor parking.
Amenities include:
- Sunny living room
- Kitchen with dining area
- Main bedroom with built-in wardrobes
- Private courtyard
- Large storage area under the unit
- Convenient parking options
For more details, you can view the property’s listing on Soho.
You can check out more properties for sale in West Moonah TAS 7009.
Cheap Houses for Sale in Hobart Under $450,000
$415,000: 15 Apanie Crescent, Chigwell, TAS
- Suburb median house price: $485,000
This property in Chigwell, Tasmania, is an ideal investment opportunity with three bedrooms and potential for personalisation.
Situated on a 703m² block adjacent to a reserve, it offers a peaceful setting. The home is conveniently located near shopping centers and is about 20 minutes from Hobart CBD, enhancing both convenience and lifestyle appeal.
Amenities include:
- Three bedrooms
- Ample backyard space
- Close to Claremont Plaza and Northgate Shopping Plaza
- Potential rental income
- Opportunities for renovations or extensions
For more details, you can view the property’s listing on Soho.
$420,000: 1 Charlotte Street, New Norfolk, TAS
- Suburb median house price: $480,000
This three-bedroom home in New Norfolk offers a serene setting and convenient living. Located just a short drive from Hobart, it features an open plan living area, ample outdoor space with a barbecue area, and is close to local amenities, making it perfect for families or investors.
Amenities include:
- Three spacious bedrooms
- Open plan living and entertaining space
- Outdoor barbecue area
- Storage or potential workshop under house
- Well-maintained and secure garden
- Proximity to Hobart and local New Norfolk attractions
For more details, you can view the property’s listing on Soho.
$425,000: 13 Apanie Crescent, Chigwell, TAS
- Suburb median house price: $485,000
This delightful home is nestled in Chigwell, offering a serene living experience surrounded by natural beauty. It features three cozy bedrooms and is perfect for family gatherings or enjoying quiet evenings on its expansive deck.
The location combines suburban tranquility with easy access to urban amenities, positioned near local shopping areas and within a short drive to Hobart.
Amenities include:
- Three bedrooms
- Wood heater for comfort
- Large deck ideal for entertaining
- Adjacent to a lush reserve
- Spacious 804 m² block
- Close to local shops and short drive to the city
For more details, you can view the property’s listing on Soho.
Check out more properties for sale in Chigwell TAS 7011.
$425,000: 117 Mockridge Road, Clarendon Vale, TAS
- Suburb median house price: $386,000
This home in Clarendon Vale, Tasmania, offers three bedrooms and a secure, investment-ready opportunity with a tenant in place until November 2024.
The property, located in a peaceful cul-de-sac, provides a large fenced yard and double garage, making it attractive for both investors and families. It’s also conveniently positioned close to essential services, enhancing its appeal.
Amenities include:
- Three bedrooms and a large yard
- Double garage with entertaining area
- Rental income of $450 per week
- Located in a quiet cul-de-sac
- Lease agreement until November 2024
For more details, you can view the property’s listing on Soho.
Check out more properties for sale in Clarendon Vale TAS 7019.
$429,000: 53 Finlay Street, Bridgewater, TAS
- Suburb median house price: $431,102
This three-bedroom home located in Bridgewater, Tasmania, offers a comfortable living environment with a spacious yard that’s ideal for families or garden enthusiasts.
Situated in a community-focused area, it is close to local schools and shopping centres, making everyday living convenient.
Amenities include:
- Three well-sized bedrooms
- Functional kitchen and dining area
- Spacious living room
- Large, fully fenced backyard
- Close proximity to schools and shopping
- Ample off-street parking
For more details, you can view the property’s listing on Soho.
You can check out more properties in Bridgewater TAS 7030.
$439,000 Range: 27 Canberra Road, Claremont, TAS
This home in Claremont, Tasmania, is ideal for those seeking tranquil living with the added benefit of picturesque water views.
Featuring three bedrooms, the property is crafted with care, offering built-in storage and spaces for relaxation and productivity. It is a perfect choice for first home buyers or investors, with its serene environment and beautiful vistas.
Amenities include:
- Three bedrooms with built-in storage
- Professionally crafted interiors
- Stunning water views
- Proximity to local amenities
- Ideal for relaxation or creative pursuits
For more details, you can view the property’s listing on Soho.
you can check out more properties for sale in Claremont TAS 7011.
Buying Tips: Advice on Purchasing Properties in Hobart
For First-Time Buyers:
- Research the Suburbs: Before committing to a purchase, spend time understanding different suburbs in Hobart. Each area offers unique characteristics and amenities. Consider factors like proximity to work, schools, public transport, and lifestyle amenities such as parks and shops.
- Budget Wisely: Determine what you can realistically afford before looking at properties. Remember to account for additional costs such as stamp duty, legal fees, and any potential renovations or repairs. A good rule of thumb is to ensure these costs don’t push your budget to its limits.
- Get Pre-Approval: Loan pre-approval can give you a clear idea of your spending limit and puts you in a stronger position to make a quick decision when you find the right property.
- Inspect Thoroughly: Always visit properties in person and consider hiring a professional building inspector. They can identify any issues with the property that might not be visible during a regular walkthrough.
- Think Long-Term: Consider how your needs might change over time. A property that suits you now should also be a good fit for at least the next five to ten years.
For Investors:
- Understand the Market Dynamics: Keep abreast of market trends and forecasts for Hobart’s real estate. Pay attention to growth areas, planned infrastructure developments, and other factors that can influence property values.
- Rental Yield vs. Capital Growth: Decide what’s more important to you — immediate rental returns or long-term value appreciation. This will guide your buying decision towards either high-yield areas or those with potential for significant future growth.
- Diversify Your Portfolio: Consider diversifying your investments across different types of properties and locations within Hobart. This can help mitigate risks and maximize potential returns.
- Legal and Tax Advice: Consult with legal and tax professionals to understand the implications of your investment. They can offer advice on the best ownership structures for tax efficiency and long-term planning.
- Property Management: If you’re not based in Hobart or prefer hands-off investment, consider hiring a property management firm to handle tenanting and maintenance issues. They can ensure your investment is hassle-free and well-maintained.
By following these tips, you can navigate the Hobart property market more effectively, whether you’re buying your first home or expanding your investment portfolio.
Conclusion
As you explore our diverse range of cheap houses for sale in Hobart, take advantage of the latest property listings and detailed suburb profiles to find a place that feels like home.
Don’t miss the opportunity to invest in Hobart’s real estate market—set your match profile on Soho today to find your perfect match in one of Tasmania’s charming suburbs. With options for every budget, your next home is just a search away.
If you’re considering other appealing areas, find out why best suburb in Hobart is a top choice for many residents
FAQ Section on Cheap Houses for Sale in Hobart
Where is the cheapest place to live in Tasmania?
The most affordable suburbs in regional Tasmania are George Town, Mayfield, Ravenswood, Shorewell Park, and Upper Burnie.
How much does a house cost in Hobart, Tasmania?
The median sold price over the last year was $835,000 for houses, with Hobart houses typically renting for $585 per week, giving a rental yield of 3.2%.
Are house prices dropping in Hobart?
In 2023, Hobart’s property prices decreased by 3% over the year. However, there may be improvements in 2024, particularly in certain suburbs highlighted by experts.
Are houses cheaper in Tasmania compared to other states?
Yes, housing prices in Tasmania are approximately 61% lower than in Sydney. The most expensive areas include Hobart and its upscale suburbs, while the most affordable are typically rural areas and lesser-known suburbs.
