Tasmania First Home Owner Grant and Duty Exemptions for 2026

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title: Tasmania First Home Owner Grant and Duty Exemptions for 2026 slug: tasmania-first-home-owner-grant-duty-exemptions-2026 description: A 2026 guide to Tasmanian first home buyer support. Covers the $30,000 First Home Owner Grant active to 30 June 2026, the established-home duty exemption that ended in June 2026, MyHome Shared Equity and how each stacks with federal schemes. author: Adam Gee folder: Schemes-and-Grants state: TAS words: ~1800 status: Draft last_reviewed: 22 May 2026

Tasmania First Home Owner Grant and Duty Exemptions for 2026

Tasmania runs the most generous First Home Owner Grant in the country at $30,000, currently extended to 30 June 2026. The previous full duty exemption for first home buyers of established homes valued up to $750,000 ran from February 2024 and concluded on 30 June 2026. AgentBridge breaks down what each scheme does, who qualifies and how the process runs through the State Revenue Office of Tasmania.

First Home Buyer Help Available in Tasmania in 2026

Tasmania's primary state-level support comes through three programs. The First Home Owner Grant pays $30,000 toward an eligible new-build purchase. The established-home duty exemption, which ran from 18 February 2024 to 30 June 2026, removed transfer duty entirely on eligible established homes valued at $750,000 or less. The MyHome Shared Equity Scheme provides a state equity contribution for eligible buyers.

Federal programs sit on top. The Home Guarantee Scheme allows eligible buyers to settle with a 5% deposit and avoid lenders mortgage insurance. Help to Buy adds a federal shared equity option from 2026. Tasmanian first home buyers can typically stack at least one federal program with one or two state programs.

At a Glance

Scheme	Amount	Property Type	Value Cap	Owner-Occupier Requirement
First Home Owner Grant	$30,000 (contracts to 30 June 2026), then $20,000 (1 July 2026 to 30 June 2027)	New build only	No specific value cap	Live in within 12 months, continuous for 6 months
Established Home Duty Exemption	Full exemption	Established home	$750,000	Live in within 12 months, continuous for 6 months
MyHome Shared Equity Scheme	Up to 40% equity on new homes (max $300,000); up to 30% on established homes (max $150,000)	New or established	$800,000 new builds; $750,000 established homes	Live in as principal place of residence

Note: The established home duty exemption ran from 18 February 2024 to 30 June 2026. For contracts after 30 June 2026, confirm any successor scheme with SRO Tasmania.

The Tasmanian First Home Owner Grant — Amount Eligibility Property Type

The Tasmanian First Home Owner Grant pays $30,000 toward an eligible new home purchase or build for transactions between 1 July 2025 and 30 June 2026. The previous $30,000 window ran from 1 April 2021 to 30 June 2024. Transactions outside the $30,000 windows attract the standard $10,000 grant.

The grant covers properties that have not previously been occupied or sold as a place of residence, including kit homes. Owner-builders qualify based on the date the foundations are laid rather than the contract date.

Eligibility runs along familiar lines. Applicants must be natural persons aged 18 or over, Australian citizens or permanent residents (joint applicants need at least one to qualify), and neither applicant nor a spouse can have previously owned residential property in Australia before 1 July 2000, or owned and occupied property for more than 6 months after that date. Applicants must also not have received a first home owner grant previously.

The owner-occupier requirement applies. Buyers must occupy the home as their principal place of residence for a continuous period of at least 6 months, commencing within 12 months of completion. Selling or leasing before that triggers a clawback.

Applications run through the SRO Tasmania directly or via the buyer's lender if the lender is an approved agent.

Tasmanian First Home Buyer Stamp Duty Concession

Tasmania ran a full duty exemption for first home buyers of established homes between 18 February 2024 and 30 June 2026. Eligible purchases at or below $750,000 attracted zero transfer duty. The exemption concluded on 30 June 2026.

For contracts dated 18 February 2024 to 30 June 2026, buyers should confirm their entitlement with the SRO. Eligibility required the buyer to be a first home buyer, an Australian citizen or permanent resident, at least 18 years old, and to occupy the property as principal residence for 6 continuous months within 12 months of purchase. The property had to be an established home (previously occupied), not a new construction.

For contracts dated 1 July 2026 onward, Tasmania's standard transfer duty applies to established homes unless a successor scheme is announced. Confirm the current state of duty relief with SRO Tasmania before exchange — Tasmania has historically extended duty concessions and the position may change.

The exemption was applied at settlement by the buyer's conveyancer through the SRO's lodgement system. No separate application was required beyond the standard duty paperwork supported by a statutory declaration.

Other Tasmania-Specific Schemes

The MyHome Shared Equity Scheme is administered by Homes Tasmania in partnership with participating lenders. The Tasmanian Government takes an equity stake of up to 40% on a new home or up to 30% on an established home in exchange for reducing the buyer's required loan size.

Eligibility includes a household income cap, a property value cap and minimum deposit requirements. Confirm 2026 thresholds with Homes Tasmania at publish. The scheme is capped to a fixed number of places each financial year, so timing matters — applications often need to be lodged early in the financial year before places fill.

The MyHome scheme can be combined with the First Home Owner Grant. For new-build buyers, this means the $30,000 grant plus the MyHome equity contribution plus any federal scheme.

For Aboriginal and Torres Strait Islander first home buyers, Homes Tasmania offers additional pathways with adjusted deposit and income tests.

Stacking With Federal Schemes — Home Guarantee Help to Buy

The federal Home Guarantee Scheme works alongside the Tasmanian schemes. Eligible first home buyers can settle with a 5% deposit and avoid lenders mortgage insurance. Property price caps apply by location. Hobart caps sit higher than caps for regional Tasmanian postcodes.

Help to Buy adds a federal shared equity option from 2026. The Commonwealth takes up to 30% (established) or 40% (new) equity in exchange for reducing the buyer's loan size. Help to Buy and MyHome are separate programs and cannot generally be stacked — the buyer picks one.

A typical Tasmanian first home buyer in 2026 stacks:

• First Home Owner Grant ($30,000 for new builds to 30 June 2026)
• Established home duty exemption (for contracts to 30 June 2026 on homes up to $750,000)
• Federal Home Guarantee or Help to Buy (5% deposit, no LMI)

For a new-build buyer at $550,000 (matching the entry price at AgentBridge's first live project, Udiminia in Ulverstone), the combined value of state and federal support runs above $30,000 in cash plus the deposit benefit.

How to Apply and What You'll Need

Most Tasmanian first home buyer applications run through the buyer's conveyancer at settlement. The conveyancer lodges the transfer duty paperwork through the SRO's lodgement system. The First Home Owner Grant application can be lodged via the buyer's lender (if an approved agent) or directly with the SRO.

Applicants should expect to provide:

• Proof of identity (driver's licence, passport)
• Proof of Australian citizenship or permanent residency
• Contract of sale or building contract
• Evidence of consideration paid (deposit receipts)
• Statutory declaration confirming first home buyer status
• For new-build grants, a certificate of occupancy

The SRO Tasmania publishes a First Home Owner Grant Guideline document that walks through the application requirements. The grant team can be contacted at fhogs@treasury.tas.gov.au for specific questions.

For MyHome Shared Equity, applications run through participating lenders. The lender handles the equity-contribution paperwork with Homes Tasmania.

Federal Home Guarantee applications run separately through participating lenders. Place caps fill quickly at the start of each financial year on 1 July.

Common Disqualifications to Watch For

Prior property ownership is the most common disqualifier. The Tasmanian rule extends to property owned and occupied for more than 6 months after 1 July 2000, and to any property owned before that date regardless of occupancy. The rule extends to a spouse or de facto partner even if the partner is not on the new contract.

The owner-occupier rule requires 6 continuous months of occupancy commencing within 12 months of completion. Defence postings, FIFO arrangements and similar patterns can complicate the test. The SRO does have discretion in genuine cases but the burden is on the applicant.

For the established-home duty exemption (contracts to 30 June 2026), the $750,000 cap was strict. Purchases above $750,000 received no exemption at all, only the standard duty payable.

For new-build grant claims, the home must be genuinely new or substantially renovated. Cosmetic renovations do not qualify.

Timing of contract date matters for the $30,000 grant amount. Contracts dated outside the 1 July 2025 to 30 June 2026 window attract the lower $10,000 grant unless the window is extended.

Frequently Asked Questions

Will the $30,000 grant be extended past 30 June 2026? The $30,000 amount is currently in place to 30 June 2026. Tasmania has previously extended the higher grant amount and a further extension is possible but not confirmed. Check with SRO Tasmania before exchange.

Is the duty exemption for established homes still available? The full duty exemption for established homes up to $750,000 ran from 18 February 2024 to 30 June 2026 and concluded on that date. For contracts dated 1 July 2026 onward, standard Tasmanian transfer duty applies unless a successor scheme is announced.

Can I claim the First Home Owner Grant and the duty exemption together? The grant covers new builds; the exemption covered established homes. A buyer can claim one or the other for a given purchase, not both.

Does MyHome Shared Equity work with the First Home Owner Grant? Yes. MyHome and the First Home Owner Grant can be claimed together for eligible new-build purchases.

What happens if I move out within 6 months? The 6-month continuous-occupancy requirement is mandatory. Selling or leasing before 6 months triggers clawback of the grant and any duty exemption, unless the SRO exercises discretion in genuine cases.

Related Resources

• AgentBridge — The Complete Australian Guide to First Home Buyer Schemes in 2026
• AgentBridge — How to Buy Property in Tasmania — The Full Process for 2026
• AgentBridge — Tasmanian Stamp Duty Explained — Rates Concessions and How to Calculate It
• State Revenue Office of Tasmania — First Home Owner Grant

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Last reviewed: 22 May 2026. Scheme details change frequently. Tasmania has extended grant and duty windows several times. Confirm current thresholds with the State Revenue Office Tasmania or your conveyancer before exchange. AgentBridge is Tasmania-based and active in the Tasmanian market via Udiminia (Ulverstone). This article is general information only and is not personal financial product advice. Speak to a licensed adviser before making decisions that affect your financial position.