First Home Owners Grant

First home buyers may be eligible for assistance from the Federal Government to help them purchase a residential dwelling. In most cases, the lender you select for your home loan can process the grant application on your behalf. If you satisfy the application criteria the grant will usually be made available on the day of settlement of your property to allow the purchase to be completed.

The Home Loan Shop will assist first time home loan applicants to complete the documentation and then forward the application to the home loan provider.

Further information about the home loan grant and the application form visit the
First Home Owner Grant website (external website).

In addition to the FHOG the Tasmanian State Government provides further assistance to first home purchasers by discounting the amount of Stamp Duty payable by up to a maximum of $4000 (conditions apply).

The following links provide further information about these stamp duty concessions for established dwellings and vacant land:

Tasmanian First Home Buyer Stamp Duty Concession Information - Established Dwelling
(external website)
Tasmanian First Home Buyer Stamp Duty Concession Information - Vacant Land.
(external website)
If you are a first home buyer, buying your home is not something to take lightly. It is important to take your time, do your homework and enter it with your eyes open.

The Home Loan Shop offers Ten Top Tips for First Home Owners.