TAS First home buyer grants
If you're ready to buy your first home or just doing a bit of research, it's important to understand what Government support is available when it comes to grants and incentives and how much you could save!
In our Mortgage Minute video, Emma provides a comprehensive overview of state-based offers and grants available to first home buyers in TAS.
2021 is a great time to take advantage of First Home Owner Grants in TAS because interest rates are at an all time low, act now!
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Fill out the form below and one of our brokers will be in contact to discuss your eligibility
Frequently asked questions about FHOG TAS
How much is the First Home Owners Grant TAS?
The FHOG Tasmania is worth $20,000 until 30 June 2022 but only when you buy or build a new home. Off the plan purchases are also eligible. In Tasmania, there is no limit on the purchase price of the property, and the FHOG is not means tested.
If you buy an established home, you are not eligible for the FHOG in Tasmania but you may be able to claim savings on stamp duty.
First Home Owners Grant TAS eligibility
To be eligible for the FHOG in Tasmania, you’ll need to meet several conditions:
- You need to be a natural person (that is, not a company or trust), aged at least 18 years.
- At least one person buying the home must be an Australian citizen or a permanent resident.
- You need to live in the property as your home for at least six months within 12 months of completion or purchase.
- You must not have previously received a First Home Owner Grant in Australia.
- You must not have owned residential property anywhere in Australia prior to 1 July 2000, or lived in a residential property you owned after 1 July 2000.
How to apply for First Home Owner Grant TAS
Applying for the First Home Owner Grant in Tasmania is easy, and your Mortgage Choice broker can guide you through the paperwork. Simply fill out the form below and a local expert will be in contact with you shortly.
Basically, there are two ways to apply for the First Home Owner Grant. You can apply through your lender at the same time you apply for your home loan – this is where your Mortgage Choice broker can help. Or you can apply directly to the State Revenue Office of Tasmania.
Are first home buyers in TAS exempt from stamp duty?
No stamp duty concessions are available to first home buyers in Tasmania who buy a build a new home. If that sounds like you, you may be able to claim the FHOG in Tasmania instead.
If you’re not able to claim the FHOG in Tasmania because you’re buying an established home, the good news is that up until 30 June 2019, you may be eligible for savings on stamp duty. If your first home is an established property, and you pay $400,000 or less for the home, you can claim a 50% saving on stamp duty. This duty concession will no longer be available from 1 July 2019.
First home buyer 2021 grants guide
If you're looking at buying your first home it's worth knowing what Government help is available. This guide will walk you through all the grants and schemes to help you save.