Tasmanian studio home on the market for the tiny price of $99,000

A Tasmanian home on the market for the little price of $99,000.

It is rare to find habitable homes in Australia that are ultra affordable, landing at five to low-six figures, but this one – albeit it tiny – fits the bill.

Site 204/1583 Nubeena Road, Nubeena, on the Tasman Peninsula, the small but mighty home is in an waterside eco village with communal gardens and an orchard.

Offers over $99,000 are sought.

Offers Over $99,000

Site 204/1583 Nubeena Road, Nubeena TAS 7184

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A 30-year Commonwealth Bank loan, on the standard variable 8.8 per cent interest rate, attracts monthly repayments of $633, if the property were to be traded for $100,000. That assumes a 20 per cent deposit.

Described on the listing as a “timber studio”, with room to extend to rebuild, the property is on the books of Raine and Horne Sorell agents Danny Boon and Debbie Allanby.

Hobart is Australia’s second-most affordable capital city , according to Domain;s latest House Price Report, with a median just a tick more than $706,000. Nubeena is a 90 minute drive from the city.

The title on offer covers of 241 square metres, surrounded by other compact and comfy homes. Any building would be subject to council approval.

The studio has French doors to a little timber deck. Not far beyond is the shoreline.

The eco village also has a kitchen, function area, BBQ zone and a kids’ playground.

Nubeena is a fishing village and in the region where tourists flock for surging, with the globally-famous Shipstern Bluff serving up huge waves.

The Port Arthur penal site is also on the peninsula, about ten minutes from Nubeena by car

Hobart has reversed six quarters in a row of price decline, sending the city’s market into recovery mode, Domain’s December 2023 House Price Report found.

Homeowners have reclaimed $14,000 of the $71,000 in median value they lost during the downturn of 2022-23. The unit market is “volatile”, Domain says, and increasing, but a long way off peak.

However, it’s not such a leap between apartments and houses in the Tassie capital, where the price difference is 32 per cent.