Quick answer: the Tasmanian First Home Owner Grant is $20,000 for a new home, for transactions that start between 1 July 2026 and 30 June 2027. It was $30,000 for 2025–26. You must live there for at least 6 continuous months. Tasmania’s first home stamp duty exemption on established homes has ended.
Tasmania’s first home help changed on 1 July 2026: the grant dropped from $30,000 to $20,000, and the stamp duty exemption for established homes ended. Here’s where things stand.
What counts as a new home
- A new home that hasn’t been lived in or sold as a home, including kit homes.
- A home you build under a building contract, or as an owner-builder.
Established homes don’t qualify for the grant.
Amount and price caps
| Situation | Rule |
|---|---|
| 1 July 2026 to 30 June 2027 | $20,000 |
| 1 July 2025 to 30 June 2026 | $30,000 |
| 1 July 2024 to 30 June 2025 | $10,000 |
| Home type | New homes only |
Who qualifies
- You’re 18 or over and buy as an individual.
- At least one applicant is an Australian citizen or permanent resident.
- Neither you nor your spouse has received a first home grant before, owned residential property in Australia before 1 July 2000, or owned and lived in one for more than 6 months since then.
How long you must live there
You must live in the home as your main residence for a continuous period of at least 6 months, starting within 12 months of completion.
How it’s paid
Apply through your lender to receive the grant at settlement or with the first construction payment, or apply directly to the State Revenue Office of Tasmania.
How it stacks with other help
- Stamp duty: the 100% first home duty exemption on established homes up to $750,000 ended for transfers settling after 30 June 2026, and the 50% off-the-plan concession ended for agreements signed after that date. New builds pay normal duty.
- 5% Deposit Scheme: price caps are $700,000 in Hobart and regional centres and $550,000 elsewhere in Tasmania.
On a $600,000 new home, an eligible buyer could receive the $20,000 grant and avoid LMI with a 5% deposit through the 5% Deposit Scheme, but would pay normal stamp duty. Our stamp duty calculator covers Tasmania.
Timing matters
The grant amount depends on when the transaction starts, such as the date you sign the building contract. If you’re planning a build, check the current amount and end date before you sign.
First home grants by state: NSW · VIC · QLD · WA · SA · TAS · ACT · NT
Common questions
How much is the First Home Owner Grant in Tasmania?
$20,000 for transactions starting between 1 July 2026 and 30 June 2027. It was $30,000 for 2025–26.
Can I get the grant on an established home in Tasmania?
No. The grant is only for new homes.
Is stamp duty still waived for first home buyers in Tasmania?
No longer on established homes: the exemption ended for transfers settling after 30 June 2026.
How long do I have to live in the home?
At least 6 continuous months, starting within 12 months of completion.
When does the $20,000 grant end?
It applies to transactions starting by 30 June 2027. Check the State Revenue Office for any later changes.
Sources: State Revenue Office of Tasmania, First Home Owner Grant; 5% Deposit Scheme price caps. Checked 6 October 2026. General information only; eligibility is assessed by the state revenue office and the participating lender.
