Every scheme, one number
First Home Buyer Calculator - Tasmania
A Tasmanian first home buyer building new at $550,000 needs about $31,300 up front: 5% deposit, $20,000 grant credited, no LMI - but full transfer duty of $20,372.50, because the established-homes duty exemption lapsed on 30 June 2026 and new builds never had one.
- Rates verified
- 2026-08-03
- Source
- SRO Tasmania
- Scheme cap
- $700,000
Your purchase
Total cash to buy
$31,272.50
With the 5% Deposit Scheme: 5% deposit, no LMI.
- Deposit (5%)
- $27,500
- Transfer duty
- $20,372.50
- Conveyancing, inspections, loan setup
- $3,400
- First Home Owner Grant
- -$20,000
- LMI avoided via the scheme
- saves ~$17,765
Want duty on its own, across investor, owner-occupier and first-home scales? That's the full Tasmania transfer duty calculator.
Scheme caps per firsthomebuyers.gov.au; duty and grants from SRO Tasmania (source). Eligibility criteria apply to every scheme - confirm before committing. General information only.
Every benefit a Tasmanian first home buyer can claim in 2026
Status chips update live against the price, location and build type set above.
First home duty relief
Lapsed 30 Jun 2026
The 100% duty exemption for established first homes to $750,000 required settlement by 30 June 2026 and was not extended. Tasmania is currently the only state with zero first home duty relief - every buyer pays the standard scale.
Official sourceFirst Home Owner Grant
$20,000
For new homes (including off-the-plan, kit homes and owner-builds) with no property value cap, for transactions commencing 1 July 2026 to 30 June 2027. It was $30,000 in the year to 30 June 2026.
Official sourceMyHome shared equity
Up to 40% co-owned
Homes Tasmania (via Bank of us) contributes up to $300,000 or 40% of a new home (cap $800,000), or $150,000 or 30% of an existing home (cap $750,000), from a 2% deposit. Income and asset limits apply.
Official source5% Deposit Scheme
5% deposit, no LMI
Buy with 5% down and the government guarantees the rest - no lenders mortgage insurance, no income cap, unlimited places. Cap here: $700,000.
Official sourceHelp to Buy
Up to 40% shared equity
The government co-buys up to 40% of a new home (30% existing) with a 2% deposit. Income caps $103,000 single / $165,000 couple; 10,000 places a year.
Official sourceFirst Home Super Saver
Up to $50,000 from super
Release up to $15,000 of voluntary super contributions a year ($50,000 total per person, plus earnings) for the deposit, taxed at your marginal rate less a 30% offset.
Official sourceHow the Tasmanian first home buyer stack works
Tasmania's first home buyer landscape turned over on 1 July 2026: the established-homes duty exemption lapsed, the grant stepped down from $30,000 to $20,000, and what remains is a new-build-focused stack - the grant, MyHome shared equity (up to 40% of a new home), and the federal 5% Deposit Scheme with a $700,000 Hobart cap.
The duty position deserves plain words: a Tasmanian first home buyer now pays the same transfer duty as an investor, on a scale unchanged since 2013 - $20,372.50 at $550,000. The support that survives is real but conditional: $20,000 requires building or buying new before 30 June 2027, and MyHome requires meeting income and asset limits. The calculator above prices what is actually left, per scheme, at your price.
The deposit is only the entry ticket - if the home ever becomes an investment property, the new-build-vs-established choice also decides its tax treatment under the 2026 negative gearing reform, and the repayment calculator shows what the loan itself costs from day one.
Frequently asked questions
Do first home buyers pay stamp duty in Tasmania?
Yes - since 1 July 2026, in full. The 100% exemption for established homes up to $750,000 required the transfer to settle by 30 June 2026 and was not extended, and new builds never had a duty concession. On a $550,000 home that is $20,372.50, the same as any other buyer pays.
How much is the First Home Owner Grant in Tasmania in 2026?
$20,000 for transactions commencing between 1 July 2026 and 30 June 2027 - down from $30,000 in the previous year. It applies to new homes only (never occupied or sold, including off-the-plan, kit homes and owner-builds) with no property value cap, and you must live in the home for 6 continuous months starting within 12 months of completion.
What is MyHome shared equity in Tasmania?
Homes Tasmania's shared equity program, delivered through Bank of us: the government contributes up to the lesser of $300,000 or 40% for a new home or house-and-land package (price cap $800,000 from 1 November 2025), or $150,000 or 30% for an existing home (cap $750,000), with a 2% minimum deposit. Income and asset limits apply, and the share must be paid out within 30 years.
What is the 5% deposit scheme cap in Tasmania?
$700,000 for Hobart and $550,000 for the rest of the state, per the official 1 July 2026 caps - no income caps, unlimited places. Combined with the $20,000 grant on a new build, a regional Tasmanian buyer at $550,000 can reach settlement with roughly $30,000.
Are these figures official?
They are calculated from the SRO Tasmania duty scale (unchanged since 2013), the published grant windows and the official firsthomebuyers.gov.au caps, current as at the date shown. Grant windows in Tasmania change annually at budget time - confirm with the SRO before committing.