First Home Buyers

Recent News

The Tasmanian Government has announced that as part of the 2016/17 State budget, the existing $10,000 FHOG will be increased to $20,000. The $20,000 payment is available for eligible transactiond entered into on or after 1 January 2016 but before 1 July 2017. From 1 July 2017 onwards the FHOG amount will revert to $10,000.

Eligibility

Applicants must:

  • Be a natural person and at least 18 years of age.
  • Neither the applicant nor their spouse or partner can have owned a home prior to 1 July 2000, either jointly, separately or with some other persons.
  • Neither the applicant nor their spouse or partner have purchased a home on or after 1 July 2000 and occupied that home. Note that any property owned prior to 1 July 2000 need not have been the applicants principal residence in order to render the applicant ineligible for a grant.
  • Joint applicants will be restricted to a single application for a single property and only one grant will be made.

Applications

If you are borrowing part of your purchase price through a financial institution, that financial institution will usually prepare and lodge your application on your behalf.  The grant will be paid to your financial institution prior to completion of your purchase. If you are not borrowing funds from a financial institution then we can lodge the application on your behalf.

Occupation of Home

In order to comply with the residency requirement you and all other applicants must start living in the home as your principal residence within 12 months of completing your purchase and must live in the home for a continuous period of six months.

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