The First Home Owner Grant is a one-off payment for eligible buyers and builders of new homes. As part of the 2019-20 State Budget, the Tasmanian Government has extended the $20 000 First Home Owner Grant for one additional year, from 1 July 2019 to 30 June 2020.
The First Home Owner Grant is a one-off payment for eligible applicants who buy or build a new home, where the transaction meets certain eligibility criteria.
Eligibility criteria are detailed on the State Revenue Office website.
The extension will mean that the increased $20 000 payment will be available for eligible transactions entered in to up until and including 30 June 2020.
For eligible transactions entered into from 1 July 2020 onwards (or for eligible transactions that do not meet the requirements for the increased grant), the grant amount is $10 000.
More information is available on the State Revenue Office website.