First Home Buyer Guide: Tasmania
Tasmania offers Australia's highest FHOG at $30,000 for new homes - tied with Queensland!
$30,000
FHOG (Highest!)
50%
New Home Duty Cut
$750K
Duty-Free (Established)
$58K+
Total Savings
🏆 Australia's Biggest FHOG - $30,000!
Tasmania matches Queensland with Australia's highest First Home Owner Grant. Combined with duty concessions, you could save over $58,000 on your first home!
$30,000
FHOG (new homes)
$28,098
Max duty exemption
$58,098
Total potential saving
Available Schemes & Grants
First Home Owner Grant (FHOG)
$30,000 grant - HIGHEST IN AUSTRALIA! (Tied with QLD)
$30,000 cash grant
- ✓ New home only
- ✓ Australian citizen/PR
- ✓ Never owned property in Australia
- ✓ Live in property 6+ months
Duty Concession (New Homes)
50% stamp duty discount on new homes
Up to 50% duty saving
- ✓ New homes or vacant land
- ✓ Owner-occupier
- ✓ Contract signed after 1 July 2023
First Home Buyer Duty Concession
Duty exemption for established homes up to $750,000
Up to $28,098 saving
- ✓ Established homes up to $750,000
- ✓ First home buyer
- ✓ Principal residence
First Home Guarantee (Federal)
Buy with 5% deposit, no LMI required
Save $8,000-20,000 on LMI
- ✓ Income under $125,000 (single) / $200,000 (couple)
- ✓ Property up to $550,000 (Hobart)
- ✓ Owner-occupier only
First Home Buyer Duty Exemption (Established Homes)
| Purchase Price | Standard Duty | FHB Duty | You Save |
|---|---|---|---|
| $400,000 | $14,197 | $0 | $14,197 |
| $500,000 | $18,247 | $0 | $18,247 |
| $600,000 | $22,297 | $0 | $22,297 |
| $700,000 | $26,347 | $0 | $26,347 |
| $750,000 | $28,098 | $0 | $28,098 |
Note: Full duty exemption for established homes up to $750,000 for eligible first home buyers.
Property Price Caps
Hobart
First Home Guarantee: $550,000
Launceston
First Home Guarantee: $450,000
Regional TAS
First Home Guarantee: $400,000