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Real Estate Insight

First home buyers

First home buyer stamp duty in Tasmania

Tasmania's exemption for first home buyers of established homes ended on 30 June 2026, so first home buyers now pay the standard rate. The $20,000 grant for new homes continues.

By the Real Estate Insight team · Last reviewed 6 October 2026 · How we check our numbers

$

Buying

Only changes the 5% Deposit Scheme price cap.

Tasmania · $650,000 · a first home

$24,622.50 stamp duty

3.79% of the price. With title office fees, $25,046.84 to the government in all.

How it adds up

Stamp duty$24,622.50
Transfer registration fee$256.76
Mortgage registration fee$167.58
Total to the government$25,046.84

Other first home help

  • First home owner grant: none here. First home owner grants only apply to brand-new homes.
  • 5% Deposit Scheme: under the $700,000 price cap, so you could buy with a 5% deposit and no lenders mortgage insurance.
  • Tasmania's first home buyer duty exemption ended for settlements after 30 June 2026.

Stamp duty on $650,000 in every state

For a first home, with the same settings.

NSW Nil
VIC $11,356
QLD Nil
WA $8,075
SA $29,580
TAS $24,622.50
ACT Nil
NT $32,175

About this estimate. General information, not advice. Duty rates for contracts signed from 1 July 2026, checked against each revenue office's own calculator, and 2026-27 title office fees for electronic lodgement. Concessions have conditions we can't check, such as residency, how long you live in the home and whether you've owned property before. Your conveyancer confirms the final figure. How we check our numbers.

The exemption has ended

From 18 February 2024, first home buyers of established homes worth up to $750,000 paid no duty. That only applied to transfers that settled by 30 June 2026, and it wasn't extended. A contract signed before then that settles later doesn't qualify. First home buyers now pay the same rates as everyone else.

PriceFull dutyFirst home, establishedFirst home, new
$450,000 $16,122.50 $16,122.50 $16,122.50
$600,000 $22,497.50 $22,497.50 $22,497.50
$750,000 $28,935 $28,935 $28,935
$900,000 $35,685 $35,685 $35,685

Full duty is what a buyer who'll live in the home pays without the first home concession. Contracts from 1 July 2026.

What help is left

Grant

$20,000

First Home Owner Grant, for brand-new homes at any price.

5% Deposit Scheme price cap

$700,000

Capital city and regional centres; $550,000 elsewhere. Buy with a 5% deposit and no lenders mortgage insurance.

The $20,000 grant covers contracts for brand-new homes signed from 1 July 2026 to 30 June 2027; it was $30,000 before 1 July 2026.

Questions people ask

Do first home buyers pay stamp duty in Tasmania?
Yes, from 1 July 2026. The exemption for first home buyers of established homes up to $750,000 only covered transfers settling between 18 February 2024 and 30 June 2026, and the 2026-27 Budget didn't extend it.
How much stamp duty does a first home buyer pay on $600,000 in Tasmania?
$22,497.50, the same as any other buyer. Tasmania has no first home or owner-occupier rate now.
How much is the Tasmanian first home owner grant?
$20,000 for a brand-new home, for contracts from 1 July 2026 to 30 June 2027. It was $30,000 before that. It isn't paid on established homes.
Can I use the 5% Deposit Scheme in Tasmania?
Yes, for homes up to $700,000 in Hobart and regional centres, or $550,000 elsewhere in Tasmania.

Sources