First Home Buyers

Tasmanian First Home Owners Grant

The First Home Owner Grant is a one-off payment for eligible first home buyers/builders in Tasmania. The First Home Owner Grant has been extended to $20,000 for eligible first home owners for the purchase or building of a new home. The extension of the scheme means that the $20,000 payment will be available for eligible transactions up to and including 30 June 2019.

For eligible transactions entered into from 1 July 2019 onwards (or for eligible transactions that do not meet the requirements for the increased grant), the grant amount is $10,000.

The existing eligibility requirements for receiving the First Home Owner Grant will apply to applicants for the extended grant.

Eligible transactions are as follows:

  • a comprehensive home building contract for a new home
  • the building of a new home by an owner builder (which includes the relocation of a new moveable building) or
  • a contract for the purchase of a new home (e.g. a spec. home or an off-the plan purchase of a new home)

Where the eligible transaction relates to the constructions of a new home, the eligible transaction must be completed (i.e. the home must be built) within 24 months of entry into the eligible transaction (e.g. within 24 months of entering into the contract or, in the case of an owner builder, within 24 months of commencing the laying of foundations for the home).

More information: https://www.sro.tas.gov.au/first-home-owner-grant

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