15 - Unlocking First Home Buyer Support in Tasmania

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 savingsTimestamps 00:00 – Intro: TAS incentives overview01:50 – Stamp duty exemption under $750K03:04 – Strategy: stretch beyond the cap?04:22 – Example breakdowns ($750K vs $800K)04:47 – Extra: off-the-plan concession04:59 – $10K First Home Owner Grant explained06:42 – Strategy: new ≠ always better06:26 – First Home Guarantee (new price caps)08:00 – MyHome Shared Equity Scheme11:22 – Living with shared equity (rules & limits)12:44 – Strategy: pros & cons of shared equity13:37 – Wrap up & next stepsUnlock your Free Resources TAS First Home Buyer ResourceFirst Home Buyers of Established Homes Duty ReliefFirst Home Owners GrantMyHome Shared Equity SchemeMyHome Shared Equity Scheme Income LimitsFirst Home Guarantee SchemeWant to keep the conversation going? 👉 Join the First Home Unlocked Facebook Community 📅 Book a chat with Jack for tailored support 📱Follow Us on social media: Instagram, TikTok, Youtubefirsthomeunlocked.com.au