TASMANIA GUIDE TO FIRST HOME OWNER GRANT ASSISTANCE
LEARN ABOUT THE ASSISTANCE
The Tasmania First Home Owner Grant (TAS FHOG) is a Tasmania state government initiative to help first home owners to get their ‘new’ first home sooner. It is an amount of money paid by the Tasmania government to eligible first home owners.
Learn more about the TAS FHOG in our guide below.
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How much is the Tasmania First Home Owner Grant (TAS FHOG)?
Important Tip: Grants and Concessions tend to change at short notice, therefore please double check with your State government what is available in your area before buying your first home!
Who is eligible for the TAS FHOG?
First home buyers are generally eligible for the $30,000 TAS FHOG if all applicants meet the following criteria:
- Must be buying or constructing a ‘new’ home
- Must be natural persons (i.e. not applying as a Company or Trust)
- Must be at least 18 years of age
- Must be an Australia Citizen or Permanent Resident
- Must not have owned a home in Australia before 1 July 2000
- Must not have owned and occupied, for more than six months, a home in Australia after 1 July 2000
- If building your home or having a home built, you must occupy the home as your principal place of residence for a continuous period of at least 6 months commencing within 12 months of the date the occupancy certificate is issued for the property
- If purchasing your new home, occupy the home as your principal place of residence for a continuous period of at least 6 months commencing within 12 months of settlement
- Must not have received the FHOG before.
To find more on the additional requirements please see the SRO Tasmania FHOG Guide or ask your Mortgage Broker.
What is considered a 'new' home?
A ‘new’ home is a residential property that has not previously been occupied or sold as a place of residence.
Additionally, to qualify for the FHOG in Tasmania when building your first home, you build must be:
- located in Tasmania
- be fixed to your land: and
- meet the local planning standards
You may also be eligible for the TAS FHOG if you purchase a home that has been substantially renovated and considered new residential premises under the ‘A New Tax System (Goods and Services Tax) Act 1999’ and has not been occupied or sold as a place of residence since those substantial renovations were completed.
Are there any other entitlements I might be eligible for?
From 18 Feb 2024 Tasmanian first home buyers are eligible for a 100% Stamp Duty reduction for properties valued up to $750,000. Key features includes:
- Available for the purchase of established homes
- First home buyers can save up to a maximum of $28,945 in Stamp Duty costs.
For details on these tax concessions as well as other Tasmanian tax concessions please visit the Tasmania SRO website or speak to an FHBA Broker
How can I apply?
Applying for the FHOG and / or various tax concessions can be a little tricky. While you can check eligibility and apply online by yourself, we recommend you apply through the assistance of one of our qualified FHBA Mortgage Brokers.
Our FHBA Mortgage Brokers are not only experts at finance matters such as home loans and the FHOG, but they are also specialists in helping first home buyers everyday. Our service is free of charge (should you proceed with a home loan option through us). We can check your eligibility, apply on your behalf and be with you every step, providing you with peace of mind that you haven’t missed a thing.
- To learn more about our FHBA Mortgage Broking service and have one of our experts assist you with your application, please visit our FHBA Mortgages home page.
- To apply online by yourself visit the TAS SRO website.
Where can I find FHOG eligible homes?
As Australia’s premier first home buyer organisation we have access to hundred’s of FHOG eligible homes, from house & land packages through to townhouses, apartments and more.
Called FHBA New Homes, our new homes search service involves us connecting you with leading property developers, builders and real estate experts to help you find and secure your first home. Meanwhile, your FHBA Coach stay’s by your side every step of the way.
Plus, if you purchase your FHOG eligible home through our FHBA New Homes service you could be eligible for the FHBA 50 Rebate (in addition to any government entitlements you may be eligible for such as the FHOG!).
If you haven’t been introduced to FHBA Coach yet send us an email ([email protected]) or complete the enquiry form and one of our friendly FHBA Coaches will be in touch to provide you with a free Discovery Session.
What if I want to buy an established home?
If you are thinking of purchasing an existing home then, unfortunately, you will not be eligible for the TAS FHOG, as one of the requirements is that it must be a ‘new‘ home.
However, first home buyers are eligible for the 50% stamp duty discount on established properties valued up to $600,000 from 01 Jan 2022 to 330 June 2024. The maximum discount applicable is $11,258 for a $600,000 purchase.
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