45 Cameron Street, Launceston Tasmania

Phone: (03) 6332 9353

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First Home Owner Grant Update - Tasmanian Property

The Tasmanian Government announced on Thursday 26 May 2016 that the grant will be increased to $20,000. The increase is retrospective and applies from 1 January 2016 until 30 June 2017. From 1 July 2017 the grant is expected to be halved to $10,000.

The First Home Owner Grant is a one-off payment to eligible first home buyers/builders in Tasmania. To check if you are eligible for the First Home Owner Grant visit www.sro.tas.gov.au/fhog

The current eligibility requirements for first home buyers to receive the grant will continue to apply, eligible transactions are:

  • building a new house by an owner builder;
  • purchasing a house 'off the plan';
  • entering into home building contract for a new home; and
  • purchasing a new house such as a spec home.

A building must be completed within 24 months of the commencement of the eligible transaction.

If you have any queries or require any assistance in relation to the First Home Owner Grant, please contact us on 03 6332 9353 or use our contact us form http://www.cormistonlegal.com.au/contact 

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