Chapter 3: Grants & Schemes | Support For First Home Buyers
IN THIS LESSON
Tasmania offers a mix of incentives that can help first home buyers cut upfront costs and get into the market sooner. From full stamp duty exemptions on established homes, to a $10,000 First Home Owner Grant for new builds, the First Home Guarantee with higher price caps, and the MyHome shared equity scheme, there’s a lot to weigh up.
In this episode, Jack Elliott walks you through what’s available in Tasmania as of October 2025, who’s eligible, and the key benefits and trade-offs to consider. You’ll also learn why long-term strategy and asset quality should guide your decisions, not just chasing the biggest discount.
In this episode:
🔑 How Tasmania’s stamp duty exemptions work for established homes under $750K
🔑 The $10,000 First Home Owner Grant explained (and what types of homes qualify)
🔑 Updates to the First Home Guarantee in TAS, with higher price caps from October 2025
🔑 How the MyHome shared equity scheme works, and its key trade-offs
🔑 Why focusing on strategy and asset quality will set you up better than short-term savings