5 Hobart Homes Under $750,000
Thinking about a southern migration? Take note of these five properties.
By Terry Christodoulou
Tue, May 4, 2021 1:51pm
4 min
4 min
A lot has been written about the ‘mainland’ invasion of Tasmania’s major cities, with many on looking for a quieter, more socially distant slice of Australia in a post-pandemic world. Here, we’ve compiled five of the best listings under $750,000 in Hobart.
72 Begonia Street, Lindisfarne, TAS
Located in the ever-popular Hobart suburb of Lindisfarne, with views across the River Derwent arrives this immaculate home replete with modern style and conveniences.
Arriving with polished timber floorboards throughout the living spaces, with floor-to-ceiling windows framing the surrounds, comes an intelligent layout.
With polished timber floorboard through the living spaces and floor-to-ceiling windows framing the surrounds arrives the dining and contemporary kitchen all warmed by a central wood-heater.
Three bedrooms provide cost accommodation with the master suite featuring mirrored built-in wardrobes. The other two bedrooms are north-facing and capture stunning views of the river.
The listing is with Peterswald for property, offers over $645,000; peterswald.com.au
272 Park Street, North Hobart TAS
An irresistible blend of character charm and modern amenity comes this North Hobart home.
The recently refurbished, circa – 1920, home features a new roof, new kitchen, bathroom and laundry fit-outs, new carpets, light fittings, internal doors and landscaping.
The accommodation comprises an entry foyer, three double bedrooms, lounge room, sleek new kitchen, combined designer bathroom-laundry and a separate toilet.
Conveniently located a short distance away from bustling North Hobart shops, Friends’ School, Queens Domain recreational reserve and more, it’s an ideal spot to start a family.
The listing is with St Andrews Estate Agents, taking offers over $725,000; standrews.estate
6 Supply Court, Oakdowns, TAS
The recently built home, 20-minutes outside of Hobart’s CBD brings together open living spaces, plenty of sunlight and connection to outdoor entertaining areas.
With timber finishes throughout, the spacious 4-bedroom, 2-bathroom, 3-car garage home is thoughtfully designed.
The residence sees a kitchen with an abundance of storage and workspace, as well as room for casual dining. Elsewhere the oversized windows stream light through the home while the 4-bedrooms, with three including built-in storage. The master boasts a walk-in robe and ensuite.
Further, the outdoor entertaining areas are built to entertain, with large stacking doors leading to the rear deck.
The listing is with Nest Property Sandy Bay, offers over $595,000; nestproperty.com.au
7/69C Olinda Grove Mount Nelson TAS 7007
Conveniently located a five-minute drive from the Hobart CBD, and nearby to Hobart College, and Mount Nelson’s surrounds arrives this 4-bedroom, 3-bathroom, 2-car townhouse.
Spanning two levels, the heart of the home is located upstairs where an open plan kitchen, dining and living room showcase timber floors, tall pitched ceilings lit by oversized windows for plenty of natural light.
Also here, large glass sliding doors open to creates a seamless connection between the living room and sun-soaked deck.
Three bedrooms and two bathrooms are housed on the upper level, including the master suite with a beautifully updated ensuite and walk-in robe.
Downstairs sees a large rumpus, or teenagers retreat alongside a fourth bedroom and bathroom/laundry.
The listing is with Knight Frank Tasmania, offers over $695,000; knightfrank.com.au
1 Pirie Street, New Town, TAS
While yes, technically the listing is for offers over $775,000, we thought this property too good a buy not to include.
The Federation home is situated in a terrific location just outside the city of Hobart and boasts a private and sunny outdoor entertaining area and views of Mt Wellington.
Beyond the externals, the interiors see Tasmanian Oak floors, tall ceilings, ornate fretwork, chandelier lighting and ceiling roses. Elsewhere, the kitchen – fitted with concrete benchtops and qualities appliances including a Franke wall oven, hotplates and a Smeg dishwasher, adjoins a large concrete courtyard.
The home features 3 bedrooms, with the main fitted with a walk-in-robe, sleek ensuite bathroom, dual vanity, and spa bath and a decorative fireplace.
The listing is with Petrusma Property, around $775,000; petrusma.com.au
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The typically busy spring season for the housing market was a dud, and the summer isn’t looking much brighter.
Housing services companies like Zillow Group and Rocket RKT +3.78% were loud and clear last week on earnings calls: Rocket CEO Varun Krishna called the quarter through June “one of the toughest spring housing markets in years.”
Jeremy Hofmann, Zillow’s chief financial officer, said on a conference call that the company predicted earlier this year that the market for mortgages would be flat. “We actually now think it’s going to be down low-to-mid-single digits,” he said.
The rest of 2026 will remain challenging for mortgage origination volume, says KBW analyst Bose George. The question now is what happens in 2027. “If mortgage rates remain [around] 6.75%, I think that’s going to be challenging even for next year,” he says.
But what’s bad news for mortgage companies could be a positive for bargain hunters. Buyers can expect prices to grow more slowly—or mildly decline—with less competition as long as mortgage rates remain unpredictable.
Mortgage rates at the beginning of the year were solidly below year-ago levels, notes Zillow senior economist Kara Ng. But they surpassed last year’s levels recently, she adds, referencing Freddie Mac’s weekly survey of 30-year fixed mortgage rates. Last week’s reading, at 6.69%, was higher than year-ago levels for the first time in 2026.
“From the affordability point of view, it’s going to get more challenging in the second half of the year,” she says. “And when affordability gets more challenging, that impacts sales and home price appreciation.”
Mortgage application data tracked by the Mortgage Bankers Association has cooled since the beginning of the year. The trade group expects that the number of mortgage originations in the remaining two quarters will lag behind last year’s levels, after exceeding 2025 levels in the first half.
Rocket’s early-stage data—which the company told Barron’s it derives from its brokerage Redfin, demand for its mortgage products, and signs in its servicing portfolio that a homeowner is preparing to refinance or move—“leads us to expect the third quarter mortgage market to be smaller than the second,” Chief Financial Officer Brian Brown, said on the company’s call. He added that such an occurrence is “something the industry has not seen since 2022.”
Prices will be about flat nationally, Ng says. Zillow’s most recent forecast, which shows how values are expected to change in the year ending June 2027, show them dropping in roughly half of the 100 largest U.S. metros for which data is available.
Buyers aren’t rushing in at a time when mortgage costs are rising and unpredictable. But those with the right combination of patience and cash could stand to benefit. “If you are financially qualified to buy a starter home, you are facing less competition and you’re more likely to get a price cut,” Ng says.
