Tasmania joins the federal Help to Buy scheme on June 9, 2026, completing the rollout. TAS also faces a June 30 cut to its $30,000 grant and stamp duty.
Updated 1 October 2026
Tasmania becomes the final Australian state to join the federal Help to Buy scheme from Tuesday 9 June 2026, completing a national rollout that now makes the government's shared equity program available to eligible first home buyers in every state and territory. For Tasmanian buyers, June 9 is only the first important date this month - a $30,000 First Home Owner Grant and a stamp duty exemption for established homes both reach a scheduled change point on June 30, creating a concentrated three-week window where multiple supports are available at once.
Help to Buy is a shared equity scheme where the Australian Government buys a stake in your home alongside you, reducing both your upfront deposit requirement and your ongoing loan repayments. You are not competing for a lump sum grant - the government's contribution directly lowers the size of the mortgage you need to service each month.
The government can contribute:
You contribute a minimum 2 percent deposit and borrow the remainder. Because the government's equity share reduces your loan below 80 percent of the property value, you avoid lenders mortgage insurance (LMI) even with a small deposit.
In Tasmania, the property price caps are set at $700,000 for homes in Hobart and designated regional centres, and $550,000 for properties in other parts of the state. Income eligibility caps are $100,000 per year for single applicants and $160,000 per year for joint buyers or eligible single parents.
To put this in practical terms: buying a $650,000 home in Hobart with a 40 percent government equity contribution means you only need a loan of around $390,000 rather than $637,000 (price minus your 2 percent deposit). At current variable rates, the monthly repayment difference on a 30-year loan is roughly $1,500 per month. You do not pay rent on the government's share, but when you sell, the government receives the same proportion of the proceeds it contributed at purchase - so if the property grows in value, its repayment grows proportionally.
Applications and eligibility checks are available through Housing Australia at firsthomebuyers.gov.au.
Help to Buy arriving on June 9 does not sit in isolation. Two existing Tasmanian incentives are both scheduled to change on June 30, 2026:
These two state incentives can be used alongside Help to Buy. A Tasmanian buyer purchasing a new home before June 30 could potentially combine Help to Buy's equity contribution with the $30,000 FHOG and a favourable stamp duty position at the same time. The exact combination depends on individual eligibility and how each program interacts in your specific purchase - working through the detail with a mortgage professional or conveyancer is a practical step before committing to a timeline.
Tasmania's inclusion means Help to Buy is now available across all eight Australian states and territories for the first time since the scheme's December 2025 launch. Housing Australia has reported that 2,300 of 10,000 annual places were approved in the scheme's first months of operation, meaning places remain available across most states.
For first home buyers in other states who have not assessed Help to Buy recently, two points from October 2025 are worth knowing:
Help to Buy is also not new-build only in most states. The 30 percent existing-home equity option is available in all jurisdictions, which broadens the range of properties eligible buyers can purchase using the scheme.
Whether you are in Tasmania or another state, a few practical points are worth working through before using Help to Buy:
Use these tools to understand how Help to Buy and Tasmania's June 30 deadlines could affect your situation: