Are you tired of searching for affordable housing in Tassie and coming up empty-handed? Then check out our round up of cheap houses in Tasmania.
With Hobart’s median house price reaching a staggering $958,000, it’s no wonder why more and more people are venturing out of the capital city to find more affordable options.
Suburbs like Queenstown and Rosebery offer homes for under $200,000, providing a fantastic opportunity for those looking to renovate or fix up a property and make it their dream home. Or if you’re still a renter, you can explore cheap houses for rent in Launceston, one of the most popular suburbs in Tassie.
You can also check out some of the coastal acreage for sale in Tasmania if your dream is to live along the coast.
And if some properties on our list have already been leased, don’t worry. Set up your match profile on Soho and we’ll send you property matches as soon as new listings come onto the market, so you don’t miss out on your ideal location and property.
Cheap houses in Tasmania under $200k
$150,000 – 57 Preston Street, Queenstown, TAS, 7467, Australia
Size: 3 bedroom, 1 bathroom
Suburb median house price: $200,000
This solid three-bedroom home is waiting for someone to transform it into their dream home. The planning, engineering, and surveying reports have already been taken care of, giving you a head start in renovating this charming property.
This home has endless potential, with spacious bedrooms, an open plan living and dining area, and a private low-traffic street. Don’t miss out on the chance to restore this house to its former glory and make it your own!
Explore more houses for sale in Queenstown TAS.
$169,000 – 1873 Fourteen Mile Road, Bronte Park, TAS, 7140, Australia (sold)
Size: 3 bedroom, 1 bathroom
Suburb median house price: $200,000
Nestled in the picturesque lake country of Bronte in Tasmania’s Central Highlands, this property offers a serene and peaceful lifestyle. Enjoy fishing for trout at nearby Bronte Lake just a short drive away!
This spacious home sits on a nearly 5000m2 level block, complete with multiple outbuildings and a fully fenced yard. Inside, you’ll find three large bedrooms with charming wood paneling, two cozy fireplaces, a great lounge, and a cute and tidy kitchen.
While some weatherboards may need a little TLC, the home is solid and primed for you to put your personal touch on it.
Explore more houses for sale in Bronte Park TAS.
$175,000 – 7 Celery Place, Rosebery, TAS, 7470, Australia
Size: 3 bedroom, 1 bathroom
Suburb median house price: $160,000
Located in the stunning town of Rosebery on Tasmania’s West Coast, surrounded by lush rainforest, pristine mountains, and glistening waterfalls, this property is the perfect place to call home. This three-bedroom gem is currently tenanted at $220 per week, offering a secure investment opportunity.
With town services just a stone’s throw away, including a medical center, school, IGA, and post office, this property is an excellent opportunity not to be missed.
Explore more houses for sale in Rosebery TAS.
$180,000 – 7 Austral Street, Zeehan, TAS, 7469, Australia (sold)
Size: 3 bedroom, 1 bathroom
Suburb median house price: $191,500
Welcome to Zeehan, a charming regional town on the West Coast of Tasmania. This spacious three-bedroom home is currently tenanted to great tenants in a town with high rental demand.
The open plan living area features Tasmanian oak floorboards and a reverse cycle air-conditioner for year-round comfort. With semi-ensuite to the master and built-in robes in two bedrooms, this home is perfect for families or investors.
The property is fully fenced with a storeroom and shed attached to the house. Enjoy local amenities such as cafes, shops, a library, and a museum, all just a short drive away.
Take advantage of the local mining opportunities at Bluestone and Avebury Nickel mines or enjoy outdoor activities such as fishing, mountain biking, and 4-wheeling in the giant sand dunes.
Explore more houses for sale in Zeehan TAS.
$185,000 – 1 Flintstone Drive, Flintstone, TAS, 7030, Australia
Size: 3 bedroom, 1 bathroom
Suburb median house price: $125,000
Looking for a budget-friendly shack? Look no further! This fantastic three-bedroom shack is priced perfectly and nested on the banks of Arthurs Lakes, one of Tasmania’s top trout fishing spots.
With an open lounge/kitchen area, bathroom with flushing toilet and shower, and a separate shed for storage or a workshop, this shack has everything you need for a weekend getaway or fishing trip. Plus, it’s just a short walk to the local store for supplies.
Between the Great Lake and Woods Lake, and close to all the adventure the Central Highlands has to offer, this is the ideal spot for outdoor enthusiasts. Don’t wait, shacks in this price range go quickly! Contact listing agent Kurt Knowles today for more information or to book a private inspection.
Explore more houses for sale in Flinstone TAS.
Cheap houses in Tasmania under $300k
$275,000 – 9/183 Hobart Road, Kings Meadows, TAS, 7249, Australia
Size: 1 bedroom, 1 bathroom
Suburb median house price: $567,500
Kings Meadows is one of the pricier suburbs of Launceston, which is why we’re only getting a one-bedder in the upper 200k price range. Either way, this is a delightful one-bedroom, one-bathroom property.
This property is great for those seeking a low-maintenance lifestyle, with all the convenience of Kings Meadows living at your doorstep.
Nestled in the highly sought-after suburb of Kings Meadows, this property is just a stone’s throw away from local shops, schools, and public transport, making it a convenient location for any resident.
Explore more houses for sale in Kings Meadows TAS.
$289,000 – 23 William Street, Waratah, TAS, 7321, Australia
Size: 3 bedroom, 1 bathroom
Suburb median house price: $266,000
Welcome to the beautiful township of Waratah in Tasmania, where this neat and tidy three-bedroom home awaits its next lucky owner. With a level double block of approximately 1338 sqm and two separate titles, this property provides ample space for parking, kids, pets, or even development.
The semi-open plan living area and timber kitchen provide a comfortable space for relaxation and meal preparation. The large double garage with extra workshop space is a fantastic addition, providing ample storage space and room for hobbies.
Explore more houses for sale in Waratah TAS.
$289,000 – 48A Trevor Street, Ulverstone, TAS, 7315, Australia (sold)
Size: 2 bedroom, 1 bathroom
Suburb median house price: $499,000
Check out this neat and solid old weatherboard house in Ulverstone on the northern coast of Tasmania, known for its charming antique shops and scenic River Leven. This property presents a fantastic opportunity for first home buyers, investors, or those looking for a holiday home.
Featuring three bedrooms and a spacious open-plan living area, this home has plenty of space for a variety of living arrangements. The property also offers a sunny backyard, wonderful for outdoor entertaining and gardening.
Just a short walk from local shops, cafes, and transport, this property provides convenient access to all that the town has to offer. With the price reduced, this property offers a fantastic opportunity to get into the market in a great location.
Explore more houses for sale in Ulverstone TAS.
Finding cheap houses for sale in Tasmania
Are houses cheaper in Tasmania?
Yes, compared to the east coast capital cities of Australia, houses in Tasmania are generally cheaper. The state was once known for its very affordable housing prices, but values have been increasing rapidly in recent years, particularly in the best places to live in Tasmania such as Launceston and in particular, the best place to live in Hobart, North Hobart.
Despite this, however, Tasmanian property prices still tend to be significantly lower than those in major cities such as Sydney and Melbourne.
This makes Tasmania an attractive option for those looking for a more affordable property, as well as a higher quality of life with its stunning natural scenery and relaxed pace of living.
Is Tasmania a cheap place to live?
Compared to the rest of Australia, finding cheap houses in Tasmania may be slightly easier, with Hobart having rental prices that are around 40% lower than Sydney’s average.
Additionally, the cost per square meter when purchasing a property in Tasmania can be up to 70% lower than other major cities in the country.
A common trend for budgeters is to buy a plot of cheap bush land in Tasmania and construct a brand new home on it. Land tends to be much more affordable and this way, you can build the home of your dreams for a fraction of the price found in capital cities.
Where is the best rural place to live in Tasmania?
If you’re looking for a tight-knit community, you can find cheap houses in Tasmania around Woodbridge in the Channel area, the Tamar Valley, and Penguin are all great options, says Rogers. These rural communities offer a sense of belonging and connection that is hard to find in larger cities, making them ideal for those seeking a more intimate and supportive environment.
What place has the cheapest house?
It’s difficult to pinpoint one specific place as the cheapest house can vary greatly depending on location and market conditions. However, some of the cheapest houses in the world can be found in Detroit and were sold for as little as $1. In addition, you can still acquire properties under $20,000 in various parts of the world.
Some of the cheapest houses in Australia can be found in Coober Pedy, SA and in regional parts of Queensland and Western Australia.
Is it a good idea to move to Tasmania?
Tasmania has a lower cost of living than many other parts of Australia, and the natural environment and quality of life are highly valued by many people.
Tasmania has a unique lifestyle that is hard to find in other parts of Australia. With its vast wilderness, stunning landscapes, rich history, and low crime rate, it is a place that offers a quality of life that is hard to beat. On top of that, Tasmania boasts a world-class local produce scene and a thriving events calendar that offers something for everyone.
Whether you choose to settle in Hobart, Launceston or anywhere in-between, moving to Tasmania could be the best decision you have ever made to achieve that ideal balance of country living and city amenities.
However, it is important to do research on factors such as job opportunities, education, and healthcare to determine if Tasmania is the right place for you to move.
