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How to apply for the $30,000 First Home Owner Grant in Tasmania
Our analysis shows the grant could save a homeowner a further $34,751 in interest if it’s put towards their home loan
Home loan guide written by Matthew Hart and reviewed by Jared Mullane. Updated 13 Feb 2026.
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The First Home Owner Grant (FHOG) is a one-off, tax-free grant available to eligible first-home buyers in Tasmania. It can help first-time home owners cover some of the hefty costs associated with buying a property, but specific limits and eligibility criteria apply.
The First Home Owner Grant in Tasmania is currently $30,000 for eligible first-home buyers who buy or build a new home. The higher grant applies to eligible transactions from 1 July 2025 through to 30 June 2026, replacing the previous $10,000 FHOG.
While there is no property price cap for the Tasmania FHOG itself, eligibility criteria and limits may apply under other state or federal first-home buyer schemes.
The First Home Owner Grant is available for new residential properties only, with eligibility based on the type of home being purchased or built. Properties eligible under the program include:
According to the State Revenue Office of Tasmania, you may not be eligible for the FHOG if you’ve owned or partly owned an investment property, even before 1 July 2000, (when the FHOG was introduced).
Loan amount | |
With $30,000 TAS FHOG | $600,000 (reduced to $570,000) |
Without TAS FHOG | $600,000 |
Interest rate | |
With $30,000 TAS FHOG | 6.00% p.a. |
Without TAS FHOG | 6.00% p.a. |
Monthly repayments | |
With $30,000 TAS FHOG | $3,417.44 (save $179.86) |
Without TAS FHOG | $3,597.30 |
Total to repay | |
With $30,000 TAS FHOG | $1,230,278 (save $64,751) |
Without TAS FHOG | $1,295,029 |
Total interest payable | |
With $30,000 TAS FHOG | $660,278 (save $34,751) |
Without TAS FHOG | $695,029 |
| With $30,000 TAS FHOG | Without TAS FHOG | |
|---|---|---|
Loan amount | $600,000 (reduced to $570,000) | $600,000 |
Interest rate | 6.00% p.a. | 6.00% p.a. |
Monthly repayments | $3,417.44 (save $179.86) | $3,597.30 |
Total to repay | $1,230,278 (save $64,751) | $1,295,029 |
Total interest payable | $660,278 (save $34,751) | $695,029 |
Debbie Hays, Senior Mortgage Broker at Money.com.au
“Lenders generally expect borrowers to show genuine savings, equivalent to a minimum of 5% of the home loan amount, in addition to any grants they intend to use. Lenders will ask for three months of bank statements to evaluate your savings history and living expenses. Some lenders may consider rental payments as genuine savings if you can provide a rental ledger.”
Debbie Hays, Senior Mortgage Broker at Money.com.au
You can apply for the First Home Owner Grant through your lender (who will also manage the application) or directly with the State Revenue Office of Tasmania.
If you apply via your lender
Complete the First Home Owner Grant application form and submit it to your lender with the supporting documents of the property purchase. You’ll also be asked to provide 100 points of Australian or state-issued documents that the lender can use for your home loan application. The lender will lodge your FHOG application on your behalf.
If you’re approved for the FHOG, you’ll usually receive the payment at settlement if you’re buying a newly-established home or at the first drawdown of funds if you’re building a new home.
If you apply via the State Revenue Office
You can lodge your grant application via the First Home Owner Grant Portal on the State Revenue Office’s website. The application will be processed within 14 days of lodgement if you’ve provided all the information and documentation required.
If you’re approved for the FHOG and are buying a new home, you’ll receive payment when your name is registered on the property title. If you’re building a new home, the grant is typically paid after the foundations have been laid.
Verify your eligibility for the First Home Owner Grant. Tick the relevant box for questions 1 to 7.
Each applicant must fill out their personal information and contact details. If you’re applying with a spouse, they must enter their details in the ‘Applicant 2’ section. There’s a separate section for spouses not party to the grant application further down.
Enter the details of the property you’re buying, including the street address or a lot number if a street number is not allocated (e.g. new housing estates or developments). You’ll also be asked to include transaction details, such as your settlement date for a new home, a contract of sale or a contract to build date.
If you’re applying directly through the State Revenue Office, you will need to nominate the bank account you’d like the grant paid into. If you’re applying through your lender, the grant will be paid to them in accordance with your agreement.
Each applicant must agree to and sign the declaration to confirm that all information provided is true and correct, and that they’ve read and understood all the details completed on the application form.
The First Home Guarantee (FHBG) is a nationwide program that helps eligible first-home buyers purchase a property with a deposit as low as 5%, including in regional areas under the Regional First Home Buyer Guarantee (RFHBG). Housing Australia guarantees up to 15% of the value of a first home, meaning you’d avoid lender’s mortgage insurance (LMI).
In Tasmania, the FHGB price cap is $700,000 for homes in Hobart and regional centres and $550,000 for all other areas of the state.
There’s also the Family Home Guarantee (FHG) to help eligible single parents or guardians buy a property with a deposit as low as 2%, with Housing Australia guaranteeing up to 18% of the property’s value.
Yes, it’s possible to use both the $30,000 TAS first-home buyer grant and (FHBG) if you qualify, according to Housing Australia.
However, the FHOG is typically available only at settlement (i.e. after the completion of your property transaction), so it can’t directly be put towards the minimum 5% deposit for the FHBG.
Mortgage brokers we spoke to said in certain situations lenders might consider including your FHOG as part of your deposit, most commonly with off-the-plan property transactions.
Even if a lender does not accept FHOG funds as part of your deposit, being eligible for it may still help you when applying for a loan. For example, lenders may factor in the one-time payment when assessing your borrowing capacity, pending grant approval, according to ANZ
Since June 2024, first-home buyers of properties valued below $750,000 may be eligible for a full exemption on stamp duty in Tasmania. This applies to existing houses, units and apartments. Stamp duty exemptions may also apply to property transfers between current or former spouses and to transfers of farming land to family members or relatives. The exemption is available until 30 June 2026, after which it will be reviewed.
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Matt joined Money.com.au in 2025 as a Finance Content and Media Specialist. With over a decade of experience in journalism and content creation, Matt is passionate about offering value to readers through engaging and informative content.
Jared Mullane is a finance writer with more than eight years of experience at some of Australia’s biggest finance and consumer brands. His areas of expertise include energy, home loans, personal finance and insurance. Jared is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821).
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