First Home Buyer Grant TAS 2026

The Tasmanian First Home Owner Grant is currently $30,000 for eligible buyers building or buying a brand-new home. This is the boosted amount, in effect until 30 June 2026, after which it is scheduled to revert to $10,000. There is no property value cap on the $30,000 — you receive the full amount regardless of build cost.

To qualify, you must be at least 18 years old, an Australian citizen or permanent resident, and neither you nor your partner can have previously owned residential property in Australia. You must move into the property within 12 months and live there for at least 6 continuous months. The grant applies to brand-new builds, off-the-plan purchases, and substantially renovated homes only — not to established homes (which are covered by the stamp duty exemption instead).

How to apply: Apply through your lender at the time of your home loan application. Your broker handles the paperwork and the $30,000 is credited at settlement (or at key handover for off-the-plan). Alternatively, apply directly through the State Revenue Office of Tasmania within 12 months of settlement. You'll need your contract of sale, proof of identity, evidence the home is a new build, and your settlement statement.

First home buyers in Tasmania receive a 100% stamp duty exemption on established homes valued up to $750,000. This means zero transfer duty on the dutiable value of the property for eligible first home buyers. New builds do not need this exemption because they are covered by the $30,000 FHOG.

The exemption is one of the most generous in Australia — it covers both new and established homes through different schemes (FHOG for new, stamp duty exemption for established) and runs alongside the boosted FHOG period. Properties above the $750,000 threshold do not qualify for the exemption and pay standard transfer duty rates.

Example savings: On a $500,000 established home, you pay $0 stamp duty (saving approximately $18,400). On a $650,000 established home, you pay $0 stamp duty (saving approximately $25,500). On a $750,000 established home, you pay $0 stamp duty (saving approximately $30,500). For a buyer choosing a $500,000 new build instead, the $30,000 FHOG plus reduced LMI through the First Home Guarantee can deliver similar overall savings.

MyHome shared equity (Tasmanian Government): Homes Tasmania co-purchases up to 40% of the property with you (capped at $300,000), so you take out a smaller mortgage on the remainder. You own the home and can buy out the government share over time or when you sell. Eligibility is income tested and limited to specific property types — apply through Homes Tasmania directly.

First Home Guarantee (federal): Eligible first home buyers can purchase with just a 5% deposit and pay no Lenders Mortgage Insurance. The Australian Government guarantees up to 15% of the property value. No income caps and unlimited places since October 2025. This can save $10,000-$25,000 in LMI costs.

First Home Super Saver Scheme (FHSSS): Save up to $50,000 in your superannuation fund for a home deposit with tax advantages. Voluntary contributions are taxed at 15% instead of your marginal rate — potentially saving thousands while building your deposit faster.

Combining schemes: A Tasmanian first home buyer purchasing a new $500,000 build could receive $30,000 FHOG, use the First Home Guarantee for 5% deposit with no LMI (saving ~$12,000), and channel deposit savings through FHSSS — a total benefit approaching $50,000 in savings and support. Hobart's relatively affordable median price and the boosted FHOG window make TAS one of the strongest states for first home buyers in 2026.

Step 1 — Get pre-approved: Start with a mortgage broker who can assess your borrowing power and confirm which grants and schemes you qualify for. They'll factor the $30,000 FHOG and stamp duty savings into your total affordability.

Step 2 — Apply through your lender: The simplest method is to apply for the FHOG through your bank or lender at the time of your home loan application. Your broker handles the paperwork and the $30,000 is credited at settlement, reducing your upfront costs significantly.

Step 3 — Apply directly (if needed): You can apply directly through the State Revenue Office of Tasmania within 12 months of settlement. Required documents include your contract of sale, proof of identity (100 points), evidence the home is a new build, and your settlement statement.

Common mistakes to avoid: Don't assume established homes qualify for the $30,000 FHOG — they don't (use the stamp duty exemption instead). Don't wait past 30 June 2026 to lock in your contract if you want the boosted amount — settlement can occur after that date but the contract date matters. Don't forget to apply for MyHome separately if you want to combine it with the FHOG. And don't miss out on stacking the federal First Home Guarantee with the state FHOG for maximum benefit.