30/01/2026
FIRST HOME OWNERS ARE GO. NW COAST TASSIE
We have properties and builders ready to go.
Choose a home and package from one of 5 building companies, some are approved and just waiting for a buyer.
Here are the guidelines:
1. Tasmania – First Home Owner Grant (FHOG) – New Homes
Grant amount:
$30,000 for eligible first home buyers building or purchasing a new home in Tasmania.
Applicable period:
Applies to eligible contracts entered into during the current grant period (Tasmanian Government incentive extension effective from 1 January, with the higher $30k grant continuing through 2025–26, subject to eligibility).
What qualifies as a “new home”:
A home built under a contract to build
An off-the-plan purchase
A newly completed home that has never been occupied or sold previously
Key eligibility requirements (high level):
Applicant must be a first home buyer (no prior ownership of residential property in Australia)
At least one applicant must be an Australian citizen or permanent resident
Must occupy the home as a principal place of residence
Move in within 12 months of completion
Live in the home for at least 6 continuous months
Administered by:
State Revenue Office Tasmania (FHOG is usually applied for via the lender at settlement or during construction finance).
2. Tasmania – Stamp Duty (Property Transfer Duty) Relief
While this is more relevant to established homes, it’s worth noting for comparison:
Tasmania currently offers full stamp duty relief for eligible first home buyers purchasing an established home up to a specified value threshold (currently $750,000, subject to scheme dates and eligibility).
For new builds, duty is typically only payable on the land component, which already significantly reduces upfront costs.
3. Federal Government – Home Guarantee Scheme (Housing Australia)
This is a separate federal initiative that can be used in addition to the Tasmanian FHOG.
a) First Home Guarantee (5% Deposit Scheme)
Allows eligible first home buyers to purchase with as little as a 5% deposit
The Government guarantees part of the loan, meaning no Lenders Mortgage Insurance (LMI) (subject to lender approval)
Applicable to new builds and house-and-land packages
Tasmania is included under regional Australia
b) Family Home Guarantee
For eligible single parents or legal guardians
Allows purchase with as little as a 2% deposit
Also applicable to new builds
Important note:
These federal schemes do not provide cash but significantly reduce deposit requirements and borrowing barriers.
4. Tasmania – MyHome Shared Equity Program (Homes Tasmania)
While not a grant, this is another important pathway:
The Tasmanian Government co-owns a portion of the property (shared equity)
Designed to help buyers with a low deposit
Buyer can progressively buy out the government’s share over time
Can be relevant where deposit size or serviceability is the main constraint
5. Summary – What a First Home Buyer Building in Hobart May Access
Depending on their circumstances, a buyer may be able to combine:
$30,000 Tasmanian First Home Owner Grant
Reduced upfront duty costs (land-only duty for builds)
5% (or 2%) deposit pathway via a Federal Home Guarantee
Optional shared equity support via MyHome (if applicable)