What's available to you in Tasmania
$10,000 Grant
For new homes up to $600k
$30,000 Builders
Extra grant for building your first home
Shared Equity
MyHome program with just 2% deposit
Tasmania's innovation: The most comprehensive first home buyer ecosystem in Australia. Builders can stack both grants for $40k total support - that's before any federal schemes!
National schemes you can pair with TAS
Nationwide| Scheme | Deposit | Who it suits | Key benefit |
|---|---|---|---|
| First Home Guarantee (HGS) | 5% | First home buyers (or not owned in 10 years) | Avoid LMI via government guarantee |
| Family Home Guarantee | 2% | Single parents/guardians with a dependent | No LMI; not restricted to first home |
| Help to Buy (shared equity, forthcoming) | 2%+ | Low‑to‑middle income buyers | Government equity lowers loan size and repayments |
| First Home Super Saver (FHSS) | — | Savers building a deposit | Tax‑advantaged savings via super |
MyHome shared equity can complement or compete with Help to Buy when available.
TAS Home Guarantee Scheme Property Price Caps
Updated October 2025.
Tasmania programs
Traditional grants
- FHOG: $10,000 for new homes.
- Builders Grant: $30,000 additional for building first home.
- Total for builders: Up to $40,000 in state grants.
- Property caps: Standard caps apply to each program.
Duty relief & shared equity
- Stamp duty relief: Full discount for established homes up to $750k.
- Time limit: Settlements between Feb 2024 - June 2026.
- MyHome shared equity: 2% deposit, govt contributes 30-40%.
- Both available: New and existing properties supported.
Choose your Tasmania pathway
Builder pathway
- $40k state grants (FHOG + Builders Grant)
- Plus HGS for 5% deposit/no LMI
- Plus FHSS tax-advantaged savings
- Best for: Custom builds, house & land
Shared equity pathway
- 2% deposit via MyHome program
- Government contributes 30-40% equity
- Lower borrowing, smaller repayments
- Best for: Limited deposits, any property type
Established home pathway
- Stamp duty relief up to $750k
- Time-limited until June 2026
- Plus HGS for 5% deposit/no LMI
- Best for: Existing homes, immediate purchase
Tasmania opportunities
Greater Hobart
- New developments: Northern suburbs with full grant eligibility
- Established markets: Benefit from time-limited duty relief
- Land & build: Maximise the dual grant system
- Shared equity suitable: Higher prices offset by government contribution
Regional Tasmania
- Launceston: Strong new home market with builder incentives
- Devonport/Burnie: Affordable with full benefit access
- Regional centres: All qualify for Regional HGS
- Lifestyle locations: Coastal and rural options with grants
Maximising Tasmania's comprehensive support
Pick your pathway
Choose between maximum grants (building), shared equity (lower deposit), or existing homes (immediate).
Add federal support
Tasmania qualifies for Regional HGS - pair with MyHome shared equity or future Help to Buy.
Time it perfectly
Coordinate all applications and watch settlement timing for time-limited benefits like stamp duty relief.
Note: Tasmania is the only state with both substantial grants and shared equity. You can choose the combination that fits your deposit and income situation.
Important things to know
The details that matter for your Tasmania strategy
Some benefits are time-limited
Stamp duty relief for existing homes ends June 30, 2026. Act fast if buying established property.
Stack grants when building
You can combine the $10k FHOG with the $30k Builders Grant for $40k total when building your first home.
Shared equity has conditions
MyHome has specific contribution ratios and exit conditions - get advice to understand the terms fully.
All of Tasmania is 'regional'
The entire state qualifies for Regional Home Guarantee Scheme - that's extra federal support on top of state programs.
Coordination is key
Multiple pathways mean careful application timing - work with advisers to sequence everything perfectly.
Navigate Tasmania's options?
With the most comprehensive support in Australia, we'll help you choose and coordinate the optimal pathway for your circumstances.