As part of the 2018-19 State Budget, the Tasmanian Government has extended the $20 000 First Home Owner Grant for one additional year, from 1 July 2018 to 30 June 2019.
The First Home Owner Grant is a one-off payment for eligible applicants who buy or build a new home, where the transaction meets certain eligibility criteria.
The extension will mean that the increased $20 000 payment will be available for eligible transactions entered in to up until and including 30 June 2019.
For eligible transactions entered into from 1 July 2019 onwards (or for eligible transactions that do not meet the requirements for the increased grant), the grant amount is $10 000.
Should you wish to purchase a property in another Australian state or territory, the application and payment process may vary. View here the First Home Owner Grant information for other states or territories.
Duty and Land Tax may apply to some home owners in Tasmania. For information, please use the following links: