🏡 Stamp Duty Exemption for First Home Buyers in Tasmania (2025 Update)
If you’re buying your first home in Tasmania, you could save thousands with the state’s stamp duty concession available in 2025.
Stamp duty (or transfer duty) is one of the biggest upfront costs when purchasing property. But in Tasmania, eligible first home buyers purchasing an established home can access a 50% discount.
💰 50% Stamp Duty Concession – Established Homes Up to $600,000
If you’re a first home buyer purchasing an existing home valued up to $600,000, you’ll receive a 50% discount on your stamp duty.
That’s a saving of up to $11,250 (based on a $600k purchase).
This concession applies to established homes only, not vacant land or new builds.
📅 Extended Until 30 June 2026
The Tasmanian Government has extended the First Home Buyer Duty Concession through to 30 June 2026, giving buyers more time to take advantage of the savings.
👤 Eligibility Criteria
To qualify for the First Home Buyer Duty Concession in Tasmania, you must:
✅ Be an individual, not a company or trust
✅ Be 18 years or older
✅ Have never owned property in Australia before
✅ Purchase an existing home (not vacant land or a new build)
✅ Use the home as your main residence within 12 months of settlement
📈 Example
If you buy a $500,000 established home:
- Normal stamp duty: $17,935
- With 50% concession: $8,967
💰 That’s a saving of almost $9,000.
📝 How to Apply
Your conveyancer or solicitor will help you apply when lodging your documents with the State Revenue Office.
You can also find more information or apply here:
💡 Pro Tip
You can combine this concession with federal incentives like:
- The 5% Deposit Scheme (no LMI)
- The First Home Owner Grant (FHOG), $30,000 for new builds (separate incentive)
Even if you’re not building, combining schemes can save you tens of thousands upfront.
🏠 Need Help?
At Home Loan HQ, we’ll help you understand exactly what you’re eligible for and how to structure your purchase the smart way.
From stamp duty savings to deposit schemes and grants, we’ll map it all out for you.
📞 Chat to Lendcom and let’s get you into your first home sooner.