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The First Home Owner Grant is a one-off payment for eligible first home buyers/builders in Tasmania.
From and including 1 January 2016, the FHOG payment is set at $20,000 for eligible purchasers of new homes (e.g. a spec home), homes off the plan and owner/builder homes.
The payment has reverted to $10,000, for transactions entered into after 1 July 2017.
Legislation will be introduced to underpin the new measure. Before that legislation comes into effect, the higher level of grant will be implemented by administrative arrangements.
The FHOG payment for eligible applicants has increased from $10,000 to $20,000 for the following eligible transactions occurring during the above times:
The $20,000 payment will be administered by way of a Deed of Arrangement until the relevant legislation comes into effect. From 1 July 2017 onwards the grant amount has reverted to $10,000.
To be eligible for the FHOG all applicants must: