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The Tasmanian first home owners grant (TAS FHOG) has been put in place to assist first home buyers purchase their home.
There are stamp duty concessions for properties ranging up to 350k in purchase price and there are also concessions available for vacant land.
The Tasmanian first home owners grant really does help first home owners achieve their dream of purchasing their first home as the concessions on stamp duty can save you thousands.
What is the amount of the grant?
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The Federal Government Grant is $7,000 |
Are there any stamp duty concessions?
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Yes the concession for first home owners is $4,000 where the purchase price is 350k or less. After this point there are no concessions available to first home owners |
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There are also concessions for the purchase of vacant land and the maximum concession is $2,400 where the purchase price of the vacant land is 175k or less. Again after this point there are no concessions available |
How do I apply for the first home owners grant?
The most common way to apply for the first home owners grant is through the lender you have chosen.
This way the funds from the grant are made available on the day of settlement.
The other two ways in which you can apply for the grant is either through the state government or your solicitor/conveyancer although this would mean that the funds from the grant are provided to you up to three after settlement.
For More Information about the First Home Owners Grant please visit the below URL's:
For more information about the Tasmanian first home owners grant or to arrange an appointment with a home loan consultant please contact us.
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