What can you stack?
Pick your situation and see every scheme that applies, with real figures.
Figures assume you meet the standard first home buyer tests (age, citizenship or permanent residency, no previous property, and living in the home). The two minute checker walks through all of them.
First Home Owner Grant: $20,000 from 1 July 2026
Tasmania pays $20,000 for building or buying a new home, structured as a $10,000 base grant plus a $10,000 budget top up, for transactions from 1 July 2026. The $30,000 rate you may have read about ended on 30 June 2026. The fine print on the top up is still being legislated, so check the State Revenue Office page before you sign if the extra $10,000 is decisive for you.
There is no price cap and no income test. New homes only, including kit homes. At least one applicant must be an Australian citizen or permanent resident, and you must live in the home for six continuous months starting within 12 months of completion.
Official source: State Revenue Office Tasmania
Stamp duty: the exemption ended on 30 June 2026
Straight talk, because most articles are out of date: the 100% stamp duty exemption for first home buyers purchasing established homes up to $750,000 applied to settlements up to 30 June 2026 and was not extended in the 2026-27 budget. If you settle from 1 July 2026, there is currently no Tasmanian first home buyer duty concession, on new or established homes.
That shifts the value to the grant and to MyHome below, and makes timing and negotiation matter more. On a $600,000 established home, duty now runs to roughly $22,000, so factor it into your offer.
Official source: State Revenue Office Tasmania
MyHome: Tasmania co-buys with you
MyHome is the state shared equity scheme, run by Homes Tasmania with Bank of us. You bring as little as a 2% deposit and the state contributes up to $300,000 or 40% on a new home or house and land package, or up to $150,000 or 30% on an existing home, whichever is less.
Price caps are $800,000 for new and $750,000 for existing. Income and asset limits apply, and the government share must be bought back within 30 years. For buyers priced out by the duty change, this is now the strongest state lever in Tasmania.
Official source: Homes Tasmania
First Home Guarantee: 5% deposit, no LMI
The federal First Home Guarantee, now marketed as the Australian Government 5% Deposit Scheme, lets you buy with a 5% deposit while the government guarantees the rest. No income caps and no place limits since October 2025.
Tasmanian price caps: $700,000 for Hobart and $550,000 for the rest of the state. Move in within six months of settlement. Apply through your lender or broker, and it stacks with the grant.
Official source: firsthomebuyers.gov.au (Housing Australia)
First Home Super Saver Scheme
Build your deposit inside super, taxed at 15% instead of your marginal rate. Contribute up to $15,000 a year voluntarily and release up to $50,000 per person plus associated earnings when you buy. Request the release through the ATO before signing and allow a few weeks. Our First Home Super Saver Scheme guide covers the contribution caps, the release timing and how to apply.
Official source: Australian Taxation Office
Three real price points
The same figures the stamp duty calculator uses, applied to three typical purchases in Tasmania.
A new build outside Hobart: the $20,000 grant applies
- FHOG: $20,000
- Full duty applies: $18,248
An established home: full duty now applies
- FHOG: not eligible
- Full duty applies: $20,373
A bigger new build: grant still applies, no cap
- FHOG: $20,000
- Full duty applies: $26,748
How to actually get the money
Run the eligibility checker
Two minutes, every scheme at once, including whether MyHome income limits fit.
Let your broker lodge the paperwork
The grant and the 5% deposit guarantee both go through your lender. MyHome runs through Bank of us.
Budget for full duty
There is currently no Tasmanian first home buyer duty concession, so your conveyancer will assess standard duty. Factor it into your offer.
Keep the residency rules
Live in the home for six continuous months starting within 12 months of completion, or the State Revenue Office can claw the grant back.
Straight answers
How much is the first home owner grant in Tasmania in 2026?
From 1 July 2026 the grant is $20,000 for new homes, made up of a $10,000 base grant and a $10,000 budget top up whose fine print is still being legislated. There is no price cap. The previous $30,000 rate ended for transactions after 30 June 2026.
Do first home buyers pay stamp duty in Tasmania?
Yes, from 1 July 2026 they do. The 100% duty exemption on established homes up to $750,000 ended on 30 June 2026 and was not extended. There is currently no Tasmanian first home buyer duty concession on new or established homes.
What is MyHome in Tasmania?
The state shared equity scheme run by Homes Tasmania and Bank of us. You need as little as a 2% deposit and the state contributes up to $300,000 or 40% on a new home, or $150,000 or 30% on an existing one, with price caps of $800,000 and $750,000 respectively. Income and asset limits apply.
Can I combine the Tasmanian grant with the 5% deposit scheme?
Yes. On a new home under the $700,000 Hobart cap or $550,000 regional cap you can take the $20,000 grant and buy with a 5% deposit under the federal guarantee at the same time.