Why Choose Deltos Finance for Your First Home?
We know the weight of the decision to buy a house. Our seasoned mortgage brokers deliver personalised support, equipping you with knowledge and helping you access grants and other incentives created to support eligible first home buyers in Tasmania.
Here’s how we can help:
Expert Guidance
From helping you meet the eligibility criteria for the First Home Owner Grant to finding the right home loan product, we help ease the burden of going through the complicated process of buying your first home in Tasmania.
Local Knowledge
As Tasmanian specialists, we know the ins and outs of the local housing market. You can confidently rely on us to point you in the right direction.
Tailored Solutions
Through our personalised approach, we help eligible applicants maximise the government’s financial support for home buyers.
What is the First Home Owner Grant in Tasmania?
The First Home Owner Grant is a government scheme that helps lower the cost for qualified first-time home buyers. In Tasmania, it applies to a maximum benefit of $10,000 in the purchase or construction cost of a new residential property.
This grant for first home buyers in Tasmania can help eligible applicants attain their property goals faster than expected. They can use the grant amount to augment their home loan deposit for off-the-plan property transactions. They can also utilise it to make the settlement process for an established property in Tasmania easier on the pocket.
Eligibility Criteria for the First Home Owner Grant in Tasmania
You must meet certain eligibility criteria to benefit from the First Home Owner Grant in Tasmania, including:
- Being an Australian citizen or permanent resident.
- An applicant buying or building a new home or substantially renovated property for the very first time.
- Purchasing or building the property as a principal place of residence for at least six months.
Our team at Deltos Finance will guide you through these requirements and help you submit your application for this government grant.
Additional Benefits for First Home Buyers
First-time homebuyers in Tasmania can access other incentives, such as:
Stamp Duty Exemption
Eligible first-time home buyers in Tasmania no longer have to pay transfer duty on established properties valued at up to $750,000. This stamp duty exemption applies to residential property purchases between February 18, 2024, and June 30, 2026.
Tax Benefits
Certain first-time property buyers may qualify for additional tax advantages, alleviating the financial burden of owning a home.
Trust our home loan brokers to help determine which stamp duty concessions and tax benefits apply to your situation. Owning your first property becomes more accessible.
Making Your First Property Purchase Less Complicated
At Deltos Finance, we’re committed to making the process as simple and stress-free as possible, especially for first-time homebuyers in Tasmania. Here’s how we help:
Consultation
Let’s work together to assess your financial goals, housing preferences, and eligibility for programs like the First Homeowner Grant in Tasmania.
Loan Comparison
With a strong network of lenders, our brokers can shop and compare various loan products to find the most suitable mortgage for your needs.
Grant Application Support
We assist eligible applicants in completing their FHOG application accurately and efficiently. If you qualify for other government schemes, like the First Home Guarantee, a dedicated mortgage broker from our team will also help you with those applications.
Settlement Assistance
You can count on our end-to-end expert guidance. We’re with you, from liaising with legal teams to ensuring a smooth property settlement.
Why Act Now?
With the First Homeowner Grant currently available and Tasmania’s housing market offering excellent opportunities, there’s never been a better time to buy. These initiatives, combined with our expert support, make achieving your dream of homeownership more accessible than ever.
Getting Started
Are you a first home buyer?
Check out our guide for first home buyers.
Our brokers will support you through the whole process and answer any questions you might have in relation to buying your first home.
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