How much does a tiny house cost in Australia ?

How much does a tiny house cost?

The cost of a tiny house can vary depending on a number of factors, but in general, you might expect them to cost anywhere from $59,000 up to $150,000. The variation in cost can depend on the design and the specs, how luxurious a fitout you choose, and whether you choose to build the dwelling yourself or buy it prefabricated.

According to Architecture & Design, you might expect a standard tiny house to cost between $80,000 and $130,000. Aussie Tiny Houses say that if you choose to go with a pre-fabricated, a basic turnkey model will start at around $59,000, while a house at the more luxurious end of the design spectrum could cost closer to $150,000.

On the other hand, if you opt for the DIY approach and put your house together yourself, then Aussie Tiny Houses says that building a dwelling with recycled materials could cost as little as $20,000. They caution, however, that doing this will take good project management and construction skills, and could take a long time.

Do tiny houses come pre-built?

Your tiny house may or may not come pre-built depending on who you buy it from. Some companies include the cost of assembly and delivery in their pricing, while others, in order to keep costs down, may only deliver the materials required to build your tiny house, but leave assembly to you.

If your tiny house comes as materials only, then you could choose to build the house yourself, or pay a builder to do it for you. Whatever approach you take, you’ll need to make sure your tiny house complies with the relevant building and safety standards in your area.

What other tiny house costs will you need to consider?

In addition to the cost of purchasing a tiny house, you will need to consider the costs of keeping it running and powered, especially if you plan on living off grid. According to Aussie Tiny Houses, some important extra costs to consider include:

If you plan to live off grid in a tiny house, then it is important to think about your energy consumption habits, and possibly reduce some of them. High energy-consumption appliances like air conditioning systems, electric kettles and toasters, cooktops and ovens may need to be used sparingly or substituted for energy-efficient alternatives.

Can you get a home loan for a tiny house?

If you’re curious about how much a tiny house costs, you may also be thinking about how to finance the purchase. Given that tiny houses tend to be portable, you may find that obtaining a traditional home loan for a tiny house is not possible or is more difficult than usual.

According to online home loan lenders Lendi, a home must be fixed and not portable in order to obtain bank finance, which could rule out many tiny houses. While this may rule out a home loan, there are other potential options for finance on the table, including:

• Using equity from your land: If you already own the land that you plan to put your tiny house on, you could access equity from this, or from an existing property you own, to finance the purchase.
• Taking out a personal loan: You may choose to apply for a personal loan to finance the purchase of a tiny house. It is important to be aware that personal loan terms tend to be shorter than home loan terms, typically lasting up to seven years, and interest rates tend to be higher. A personal loan can be secured or unsecured and understanding the difference is also important when it comes to the cost of the loan.
• Taking out a motorhome loan: A motorhome loan could be an option for finance if your tiny house is on wheels and meets all relevant regulatory and safety standards. For this kind of loan, you will typically be required to pay a deposit, and the term of the loan may be between 10 and 15 years.