Hanmer Springs offers something for all budgets. From Freedom camping to the Heritage Hotel. Loads of Motels, Forest Cabins and also Houses to Rent can be very reasonable if you are coming with a group.
Alpine Holiday Homes
Start by checking here for some ideas:
www.booking.com has all the motel and hotel deals
The Hanmer Forest Camp has very reasonable rooms for $25 a night per person. So there is something for everyone, a great place to stay if you want to push bike into town and stay in the country!