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Tasmania has transformed from Australia's most affordable state to a mid-range market, with a Hobart median house price of approximately $650,000 and a statewide median of around $550,000. Driven by lifestyle migration and limited supply, prices have grown strongly since 2018. De
Yes. Tasmania offers a $30,000 FHOG for new homes with no property price cap. Alongside QLD, this is the highest grant in Australia, and Tasmania's lack of a price cap makes it uniquely accessible regardless of the new home's value.
The 50% stamp duty discount only applies to properties valued up to $400,000. Above $400,000, full stamp duty applies. In Hobart, most properties exceed this threshold, but regional areas (Launceston, Devonport, Burnie) frequently offer homes under $400,000.
Under the First Home Guarantee, you only need a 5% deposit. On a $390,000 home, that's $19,500. The $30,000 FHOG more than covers this. However, most lenders require at least some genuine savings (typically $10,000–$20,000 of your own funds). Check with your lender.
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