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.
- Between 1 July 2000 and 30 June 2015 the base FHOG payment for eligible applicants is $7,000.
- From 1 July 2015 onwards the base FHOG payment for eligible applicants increases to $10,000.
The First Home Builder Boost (FHBB) is an increased First Home Owner Grant payment.
The FHBB is 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 30 June 2015 inclusive, the FHBB is $20,000.
For more information, go to the Tasmania State Revenue Office