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

Timestamps

00:00 – Intro: TAS incentives overview

01:50 – Stamp duty exemption under $750K

03:04 – Strategy: stretch beyond the cap?

04:22 – Example breakdowns ($750K vs $800K)

04:47 – Extra: off-the-plan concession

04:59 – $10K First Home Owner Grant explained

06:42 – Strategy: new ≠ always better

06:26 – First Home Guarantee (new price caps)

08:00 – MyHome Shared Equity Scheme

11:22 – Living with shared equity (rules & limits)

12:44 – Strategy: pros & cons of shared equity

13:37 – Wrap up & next steps

Unlock your Free Resources

First Home Buyers of Established Homes Duty Relief

First Home Owners Grant

MyHome Shared Equity Scheme

MyHome Shared Equity Scheme Income Limits

First Home Guarantee Scheme

Want 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, Youtube

firsthomeunlocked.com.au