If you are purchasing a new home in Tasmania, you may be eligible for the First Home Owner Grant (FHOG) or First Home Builder Boost (FHBB). The FHOG was no longer available to purchasers of established properties as of 1 July 2014.
- From 1 July 2015 onwards the base FHOG payment for eligible applicants increases to $10,000.
What is the FHBB
The First Home Builder Boost (FHBB) is an increased First Home Owner Grant payment. It is available to eligible buyers that purchase a newly built home.
The FHBB is a $20,000 grant available to eligible:
- buyers of newly constructed homes (for example, 'spec' homes); and
- builders of new homes (either as an owner-builder or through a registered builder).
Between 1 January 2015 and 31 December 2015 inclusive, the FHBB is $20,000.
For more information, go to the Tasmania State Revenue Office