Tasmania first home buyers: up to $20,000 towards a new home
Tasmania's First Home Owner Grant is only for new homes — and for 2026–27 it's up to $20,000. Add the federal 5% deposit and Help to Buy schemes and a new first home is within reach sooner.
Up to $20,000 First Home Owner Grant
For transactions that begin between 1 July 2026 and 30 June 2027, first home buyers who buy or build a new home in Tasmania may be eligible for up to $20,000. A new home is one that has never been lived in or sold as a residence — including homes bought off the plan and house and land packages. Building conditions apply to the higher grant amount, and you need to live in the home for at least six months.
Add the federal schemes
- 5% Deposit Scheme — 5% deposit and no lenders mortgage insurance for homes up to $700,000 in Hobart and regional centres, and $550,000 elsewhere in Tasmania.
- Help to Buy — the government contributes up to 40% of the price of a new home.
More on both: federal first home buyer schemes.
Sources: State Revenue Office Tasmania — First Home Owner Grant; 5% Deposit Scheme.
Common questions
How much is the first home owner grant in Tasmania?
Up to $20,000 for eligible first home buyers of a new home, for transactions beginning between 1 July 2026 and 30 June 2027. Conditions apply to the higher amount.
Does the Tasmanian grant apply to off-the-plan homes?
Yes — the grant is for new homes, which includes homes bought off the plan that haven't been lived in or sold as a residence.
General information, current at the date above. Grants, concessions and tax rules have eligibility conditions this page summarises; it isn't personal tax, legal or financial advice. Confirm your eligibility with the relevant government agency, your lender or your accountant before you rely on it.