Standout Tasmanian properties well within budget

Expected to launch later this year, the scheme will see the federal government make a contribution of up to 40% in exchange for a share, or proportional interest in the property.

Buyers with a deposit of at least 2% will be eligible for the scheme, and the size of the equity contribution can vary from up to 30% for an existing home, to 40% for a new property.

This aims to assist prospective home owners gain access to the property market sooner than they would otherwise have been able, thanks to a smaller deposit.

New property price caps linked to average house prices across each state and territory were introduced earlier this year, which have broadened the range of options available.

In Tasmania - capital city, a price cap of $700,000 has been announced.

Below is a selection of properties for sale in Tasmania that fall within the $700,000 property price cap:

20 Clarendon Street, Youngtown

Ideal for families and first home-buyers, this three bedroom home offers a convenient location and modern living.

The solid brick home is set on a 592sqm landholding and includes an updated kitchen, hybrid floating floorboards, a fenced backyard, an entertaining deck, as well as a single garage with storage.

It is priced at $500,000 to $550,000.

106 Main Road, Stanley

With its picturesque coastline location, it’s easy to see why the listing describes this three bedroom, one bathroom character home as blending “timeless charm with practical comfort.”

Picture perfect views of The Nut State Reserve are also on offer, while internal features of the home include double glazing, as well as character features including timber floors and original detailing across 94sqm of living space.

It is listed for sale for offers over $625,000.

28 Archer Street, Devonport

Hallmarks of a circa 1915 construction such as ornate fireplaces, soaring ceilings and oak floorboards remain in this three bedroom home.

There is also a formal lounge, a claw foot bath tub and a heated swimming pool.

It is on the market for offers over $600,000.

17 Farmer Street, Riverside

This five-bedroom, two-bathroom, four-parking property is set on a 794sqm block in one of the area's most desirable school catchment zones.

The property is surrounded by established gardens and described as having a 'nothing to do but enjoy' characteristic that's always so sought after.

It is on the market and open to offers over $699,000.

73 Main Road, Perth

This restored Georgian residence is a solid brick home which has been renovated to retain its circa 1835 period features while integrating contemporary conveniences.

The two-storey home features four bedrooms, an updated kitchen and bathrooms, a flexible floorplan and a carport.

It has an asking price of offers over $595,000.

3 West Tamar Road, Trevallyn

Feature fireplaces, high ceilings, polished Tasmanian Oak flooring, and ornate details to the front façade remain at this circa 1910 home.

Set on a 688sqm landholding, the three bedroom, two bathroom home is on the market for offers over $575,000.

28 Lavender Lane, Dover

Set on 16.81ha of bushland, this updated cottage has views of Port Esperance Bay and Bruny Island.

It features two bedrooms, one bathroom, an open plan living, dining and kitchen, as well as a wood heater.

It has an asking price of offers over $615,000.