Cassie and Matt's House Rules Tasmania $248,000 mortgage

The Channel 7 Tasmanian House Rules contestants, Cassie and Matt have a $248,000 mortgage, the second smallest so far of the revealed prizes.

Cassie and Matt bought their affordable, quirky 1960s home, which they’ve come to adore.

Nothing had been done since it was built in the Geilston Bay suburb.

They are in the third series of the Channel 7 reno show, in which six teams from around Australia have their homes renovated room by room by opposing teams.

It has often won the night in ratings since it debuted last month.

With Tassie’s cold temperatures, the couple would love for their house to be insulated.

The pair met 10 years ago, but it wasn't until five years later they began a relationship.

In 2014 they bought their first home together in the Hobart suburb. It comes with its pink bathroom, purple bedroom and fluorescent green carpet.

"We want to preserve the character of the home; maintain that 1960s feel but modernise it," Cassie said.

"My mum and dad's first house was in the same suburb so we see it being our forever home," Cassie says.

Cassie is a pharmacist and Matt is a swim instructor who's studying to become a P.E teacher.