First home owners grant Tasmania

With property markets reaching highs all around Australia, it might seem harder than ever to get into real estate. Thankfully, there are a few options to help first home buyers ease the financial burden of getting their first home. 

The first home owner grant (FHOG) is a one-off payment made to assist first home buyers to buy or build a new residential property to be used as their primary residence. The grant differs state by state, so below we’ve broken down everything you need to know if you’re considering the grant in Tasmania.

A first home owner grant is available to eligible applicants who purchase or build a new home in Tasmania between 1 July 2016 and 30 June 2022. 

The new home must be one that has not previously been occupied or sold as a place of residence and includes kit homes. 

The date of your transaction will determine how much you are eligible to receive from the first home owner grant. 

• For transactions that commence between April 2021 and 30 June 2022: $30,000 grant
  
• For transactions that commence between 1 July 2016 and 31 March 2021: $20,000 grant

When you apply for the grant, all owners must be included on the application and each must comply with the eligibility criteria. 

First home owners buying or building a new home in Tasmania between 1 July 2016 and 30 June 2022 may be eligible for the first home owner grant. 

All applicants must be an individual (not a company) aged 18 years or older and occupy the home as your principal place of residence for a continuous period of at least six months (within 12 months of the completion of the transaction). At least one applicant must be an Australian citizen or permanent resident.

Applicants will not be eligible for the grant if they or their spouse/de facto partner has previously received a first home owner grant in Australia, owned a residential property before 1 July 2000 or owned and occupied a residential property for a period of at least six months after July 2000. 

If you’re eligible for the first home owner grant and wish to apply, you must complete the first home owner grant application and gather supporting documentation including:

• Evidence of contract
• Proof of completion of settlement/construction
• Proof of identity
• Evidence of name change if applicable (ie. marriage certificate, deed poll).

The form and your supporting documentation must then be lodged through Service Tasmania or an approved agent.

If you are obtaining finance from a financial institution that has been approved to accept and process grant applications, the financial institution will submit your application directly to the State Revenue Office. 

There are more schemes and grants available to first home owners in Tasmania, whether you are eligible for the first home owner grant or not. 

First home buyers building or buying a new home may be eligible for the Tasmania home builder grant or the Commonwealth home builder grant, however both are currently closed to applications.

First home owners buying an existing residence with a dutiable value of $500,000 or less may be eligible for the First Home Owner duty concession, which provides a 50% discount on property transfer duties. 

• New South Wales
  
• Victoria
  
• Queensland
  
• Western Australia
  
• Northern Territory
  
• South Australia