Tasmanians considering buying their first home will be further assisted with a boost in the First Home Owners Grant from $20,000 to $30,000 should a majority Gutwein Liberal Government be re-elected.
The grant currently in place until 30 June 2022 provides $20,000 for eligible first home buyers who want to purchase a newly constructed home or build a new home of their own. This will now be boosted to $30,000 and backdated to 31 March this year, which was the closing date for Homebuilder grant applications, upon the re-election of the Government.
This will have positive flow-on effects for Tasmania’s booming building and construction industry, creating more work and more jobs, especially following the end of the Homebuilder grants.
The Government understands there is a high demand for new housing stock across Tasmania, and this grant is one part of our multi-pronged approach to increase housing supply in Tasmania.
The first home owners grant, along with the many other initiatives supported by this Government, such as duty concessions, are helping to drive the supply of new houses, building activity and create jobs state-wide.
The cost of this initiative is estimated at $7.5 million.