First Home Buyer Guide TAS 2026 — FHOG, 50% Stamp Duty Concession
Tasmania is notable among Australian states for offering its First Home Owner Grant on both new and established homes — one of the few jurisdictions that doesn’t restrict the FHOG to new builds. The 50% stamp duty concession for first home buyers and Hobart’s relatively affordable median price (compared to Sydney and Melbourne) make Tasmania accessible for buyers using available schemes.
TAS First Home Buyer Benefits at a Glance (2026)
| Benefit | Amount / Saving | Notes |
|---|---|---|
| First Home Owner Grant (FHOG) | $10,000 | New and established homes in TAS — unique in Australia |
| Stamp Duty Concession | 50% of standard rate | Not a full exemption — 50% concession applies |
| First Home Guarantee (FHBG) | LMI saving | TAS price cap: $600,000; income cap $125k/$200k |
| Regional First Home Buyer Guarantee | LMI saving | TAS regional cap: $450,000 |
TAS First Home Owner Grant (FHOG)
Amount: $10,000
Unique feature: Tasmania’s FHOG is available for both new homes AND established (second-hand) homes. This is unlike every other state where the FHOG is restricted to new builds.
Eligible properties:
- Newly constructed homes
- Off-the-plan purchases
- Established (second-hand) homes — eligible in TAS (unique)
- Contract price threshold applies — verify with State Revenue Office Tasmania
How it’s paid: Your lender applies at settlement; the $10,000 is paid by the state government.
Eligibility criteria:
- Must be an Australian citizen or permanent resident
- Must not have previously owned residential property in Australia
- Must intend to live in the property as principal place of residence
- Must occupy the property within 12 months and for at least 12 continuous months
TAS Stamp Duty — 50% Concession for First Home Buyers
Tasmania provides a 50% concession on stamp duty for first home buyers. This is not a full exemption — you pay half the standard rate.
Standard stamp duty rates in TAS:
| Purchase Price | Standard Duty | FHB Duty (50% concession) | FHB Saving |
|---|---|---|---|
| $300,000 | ~$9,200 | ~$4,600 | ~$4,600 |
| $400,000 | ~$13,997 | ~$6,999 | ~$6,999 |
| $500,000 | ~$18,247 | ~$9,124 | ~$9,124 |
| $600,000 | ~$22,997 | ~$11,499 | ~$11,499 |
Figures are approximate. Use the State Revenue Office TAS calculator for exact amounts.
The 50% concession is less generous than the full exemptions available in NSW (≤$800k) and VIC (≤$600k). However, Hobart’s lower median property prices mean the absolute duty amounts are lower.
First Home Guarantee in TAS
The federal First Home Guarantee allows eligible TAS buyers to purchase with 5% deposit and no LMI.
TAS price cap: $600,000 (Hobart and non-regional TAS); $450,000 (regional TAS)
Hobart’s median house price of approximately $650,000 (early 2026) means FHBG buyers need to focus on units, outer suburbs or regional centres.
LMI saving on $570,000 at 95% LVR in TAS: Approximately $14,000–$20,000.
Combining Schemes in TAS — Established Home Example
$450,000 established home in Hobart outer suburbs:
- FHOG: $10,000 (applies to established homes in TAS)
- Stamp duty: ~$8,250 (50% concession; standard rate would be ~$16,500)
- First Home Guarantee (LMI saving): ~$12,000–$16,000
- Total saving vs non-FHB without schemes: ~$30,000–$34,000
Tasmania Property Markets for First Home Buyers
| Market | Median Price (approx.) | Strategy |
|---|---|---|
| Hobart inner suburbs | $700k–$1.0M+ | Above FHBG cap for houses; units accessible |
| Hobart outer ring (Glenorchy, Kingston, Clarence) | $550k–$750k | Near or at FHBG cap; good scheme access |
| Launceston | $400k–$550k | Excellent scheme access; all schemes applicable |
| Devonport | $300k–$450k | Full access to all schemes |
| Burnie | $250k–$400k | All schemes accessible; very affordable |
| Regional TAS (Central Highlands, West Coast) | $100k–$300k | Regional FHBG; extremely affordable |
Step-by-Step Process for TAS First Home Buyers
- Check FHOG eligibility — applies to both new and established homes (unique to TAS); confirm price threshold
- Check First Home Guarantee eligibility — income under $125k/$200k; property under $600k
- Understand 50% stamp duty concession — applied automatically to eligible purchases
- Get pre-approval from a FHBG-participating lender
- Search properties — note $600k FHBG cap; outer Hobart and regional TAS offer best access
- Building and pest inspection — Tasmania has older housing stock in many areas; inspections are important
- Solicitor reviews contract — TAS uses standard form conveyancing process
- Exchange contracts and pay deposit
- Apply for FHOG through lender (applies to both new and established)
- Stamp duty concession applied by solicitor at settlement
- Settlement — typically 30–60 days
Frequently Asked Questions
Is the Tasmania FHOG available for existing homes? Yes. Tasmania’s $10,000 FHOG is one of the few in Australia that applies to both new and established homes. This makes it significantly more accessible than the FHOG in other states.
What is the stamp duty concession for first home buyers in Tasmania? First home buyers in TAS receive a 50% concession on standard stamp duty rates. This is not a full exemption — you still pay 50% of the standard rate.
What is the First Home Guarantee cap in Tasmania? $600,000 for Hobart. Regional TAS: $450,000.
How much can I save in total as a first home buyer in Tasmania? On a $450,000 established home, first home buyers in TAS can save approximately $28,000–$34,000 through combining the FHOG, stamp duty concession and First Home Guarantee (LMI saving).
Key TAS Resources
- State Revenue Office Tasmania (FHOG and stamp duty): sro.tas.gov.au
- Housing Australia (FHBG): housingaustralia.gov.au
Related Guides
- First Home Owner Grant by State
- First Home Guarantee Explained
- First Home Buyer Concessions by State
- First Home Buyer Hub
This article provides general information only. Grant amounts, stamp duty rates and scheme eligibility are set by the Tasmanian and federal governments and can change. Always verify with the State Revenue Office Tasmania or Housing Australia before purchasing. For advice tailored to your situation, speak with a licensed mortgage broker or financial adviser. Find one through MoneySmart.
Disclosure: This article contains general comparisons of government schemes. Peakifi does not receive commissions from any government body or scheme administrator.