What's available to you in Tasmania
$20,000 Grant
For new builds and newly built homes - no price cap
5% Deposit
No LMI under the federal 5% Deposit Scheme
Shared Equity
MyHome program with just 2% deposit
Update (1 July 2026): The First Home Owner Grant is $20,000 for eligible transactions commencing between 1 July 2026 and 30 June 2027 (it was $30,000 in 2025-26). The established-home duty exemption ended for settlements after 30 June 2026.
Federal scheme options in TAS
Nationwide| Scheme | Deposit | Who it suits | Key benefit |
|---|---|---|---|
| 5% Deposit Scheme (General stream) | 5% | First home buyers (or not owned in 10 years) | Avoid LMI via government guarantee |
| 5% Deposit Scheme (Single Parent stream) | 2% | Single parents/guardians with a dependent | No LMI; not restricted to first home |
| Help to Buy (shared equity). Try the calculator | 2%+ | Low‑to‑middle income buyers | Government equity lowers loan size and repayments |
| First Home Super Saver (FHSS) | N/A | Savers building a deposit | Tax‑advantaged savings via super |
Compare MyHome and Help to Buy as separate shared equity options.
TAS 5% Deposit Scheme Property Price Caps
Reviewed July 2026.
See what this could mean in dollars: my free cost to complete calculator estimates TAS stamp duty, first home buyer concessions and the total cash you may need to complete a purchase at your price point.
Tasmania programs
First Home Owner Grant
- Grant: $20,000 for transactions commencing 1 July 2026 - 30 June 2027.
- Eligible: Building or buying a new home (never occupied or sold as a residence), including kit homes.
- Previous amount: $30,000 for transactions commenced 1 July 2025 - 30 June 2026.
- Property cap: No property value cap applies.
Duty relief & shared equity
- Stamp duty relief: The 100% duty exemption for established homes up to $750k applied to settlements between 18 Feb 2024 and 30 Jun 2026.
- Status: Ended for settlements after 30 June 2026 - the settlement date matters, not the contract date. No replacement announced at the time of writing.
- MyHome shared equity: 2% deposit; Homes Tasmania contributes up to 40% (max $300k) for new homes or 30% (max $150k) for existing homes.
- Both available: New and existing properties supported under MyHome.
Choose your Tasmania pathway
Builder pathway
- $20k FHOG for new builds and new homes
- Plus the 5% Deposit Scheme for no LMI
- Plus FHSS tax-advantaged savings
- Suitable for: Custom builds, house & land
Shared equity pathway
- 2% deposit via MyHome program
- Government contributes 30-40% equity
- Lower borrowing, smaller repayments
- Suitable for: Limited deposits, any property type
Established home pathway
- Duty exemption ended for settlements after 30 Jun 2026
- No replacement announced at the time of writing
- 5% Deposit Scheme still available for no LMI
- Suitable for: Existing homes, immediate purchase
Checking Tasmania's support
Compare the options
Compare buying new, building and buying an existing home, including the support available for each.
Add federal support
Pair the 5% Deposit Scheme (no LMI) with the grant, or consider MyHome or Help to Buy shared equity.
Check the dates
Coordinate all applications and watch settlement timing for time-limited benefits like stamp duty relief.
Note: Tasmania offers both a new-home grant and a state shared equity program. You can choose the combination that fits your deposit and income situation.
Important things to know
Some benefits are time-limited
The 100% stamp duty exemption for established homes ended for settlements after 30 June 2026. The state has said the scheme is subject to review, so check the current status with the State Revenue Office before you commit.
Grant amount depends on your transaction date
The FHOG is $20,000 for eligible transactions commencing 1 July 2026 to 30 June 2027. It applies to building or buying a new home - established homes do not qualify.
Shared equity has conditions
MyHome has specific contribution ratios and exit conditions - get advice to understand the terms fully.
Federal support applies state-wide
The 5% Deposit Scheme covers all of Tasmania (Hobart cap $700k, other areas $550k) with no income caps or place limits.
Application timing
Check application deadlines and the order in which approvals are needed.
Check your Tasmanian eligibility
I'll help compare the grant, shared equity and federal scheme options against your circumstances.
Still working it out? See how the process works, step by step, or start with the First Home Buyer Guide.
Stamp duty at each price
Duty for investors, home buyers and first home buyers at 27 prices, with the rate tables and worked examples: Tasmania stamp duty figures.
Official sources
- First Home Owner Grant eligibility, State Revenue Office of Tasmania
- First home buyers of established homes duty relief, State Revenue Office of Tasmania
- MyHome shared equity program, Homes Tasmania
Main figures on this page were checked against these sources on 25 September 2026.