Buying a home in Tasmania

TAS at a glance

Each line links to the page it comes from. A dagger (†) marks a fact that was taken from an official search result and has not yet been confirmed on the agency's page from this build environment; open the link before relying on it.

Stamp duty

What it's called

Property transfer duty Source

Official calculator

State Revenue Office Tasmania duty calculator Source

Off-the-plan concession

A 50% duty reduction on a new apartment or unit bought off the plan or under construction, value up to $750,000, for agreements from 1 July 2024 to 30 June 2026 inclusive. Not available for agreements executed after 30 June 2026. Source

Pensioner downsizing concession

Ended: the concession covered new homes of $600,000 or less bought between 1 January 2022 and 30 June 2025, with the former home's sale completing by 30 June 2025. No extension has been published. Source

How the rate works

Sliding scale on dutiable value: a fixed sum plus $4 per $100 over $200,000, $4.25 per $100 over $375,000 and $4.50 per $100 over $725,000. Bands below $200,000 not seen. Source

When the bands change

Not indexed each year: the current table applies to transfers on or after 21 October 2013 Source

First home, established

Not available for transfers settling after 30 June 2026. The 100% exemption to $750,000 applied to transfers completing 18 February 2024 to 30 June 2026. Source

First home, new or off the plan

No first-home concession on new homes seen. SRO publishes an off-the-plan apartment or unit duty concession fact sheet whose terms were not seen; open it. Source

First home, vacant land

None: SRO's concessions page says a duty concession requires an established home, which cannot be vacant land Source

Other concessions

Pensioner downsizing: 50% reduction on a cheaper new home of $600,000 or less. The indexed page's window closed 30 June 2025 and any extension is not confirmed. Source

Relief after 30 June 2026

No replacement first-home duty relief is published by SRO as at 16 September 2026; its first-home pages list only the exemption that ended for settlements after 30 June 2026. An absence, so still to be opened † Source

What duty is charged on

Dutiable value. SRO's fact sheet ties unencumbered value to the figure last determined by the Valuer-General times the municipality's adjustment factor, both on LIST. Source

Cooling-off and contracts

Cooling-off period

None. The Property Agents and Land Transactions Act 2016 does not require a cooling-off period for residential sales. Source

Cost of using it

Not applicable: there is no statutory period to use Source

When it does not apply

No sale carries a statutory period. At auction the contract also cannot be made subject to conditions such as finance. Source

Waiving or shortening it

Nothing to waive. Any right to withdraw exists only as a condition written into the contract, and no conditions can be attached at auction. Source

What the seller must disclose

No requirement under the Act to disclose defects in the quality of the property; CBOS calls the position buyer beware. Other disclosure duties were not seen. Source

Deposit

Amount and timing not confirmed; the Act requires real estate businesses to keep trust accounts Source

Settlement

Typical period not confirmed; electronic settlement through PEXA has been available for most transfers since February 2025 Source

Grants and schemes

First Home Owner Grant

$20,000 for eligible transactions from 1 July 2026 to 30 June 2027 inclusive, for first-home buyers building or buying a new residence (earlier windows paid $30,000 or $10,000 depending on the transaction date). Six months' residence, starting within 12 months. Source

State schemes open

MyHome shared equity, which replaced HomeShare (existing HomeShare mortgages are unchanged): Homes Tasmania contributes up to $300,000 or 40% (whichever is less) on a new home or house-and-land package, or up to $150,000 or 30% on an existing home; price caps $800,000 new (from 1 November 2025) and $750,000 existing; household income limits $116,933 single and $134,475 couple (from 1 July 2024); 2% deposit; applications through Bank of us. Source

Closed or ended

First-home duty exemption on established homes: not available for transfers settling after 30 June 2026. The First Home Builders Boost appears only in a historic SRO fact sheet. Source

5% Deposit Scheme

Open in Tasmania through Housing Australia; the caps rose on 1 October 2025, but the Hobart and rest-of-state caps were not confirmed here. Use the postcode tool. Source

Help to Buy

Available in Tasmania (Housing Australia media release); the Tasmanian price caps and terms were not confirmed from this environment Source

Auctions and price guides

Price guides

No format rule for a price guide. Section 55 of the Property Agents and Land Transactions Act 2016 sets requirements for an agent's advertisements, and a property agent who states anything the agent knows to be false or misleading about a sale faces a fine of up to 500 penalty units Source

Underquoting

No separate underquoting offence confirmed; false advertising is addressed under the Property Agents Board legislation, with CBOS as the consumer regulator Source

Reforms in train

None on CBOS's newsroom or buying-and-selling pages: the 2026 changes listed are the Residential Tenancy Amendment (Pets) Act 2025 (from 20 March 2026) and the National Construction Code 2025 (from 1 May 2026) Source

Vendor bids

A vendor bid must be identified as a bid by the owner and made by the auctioneer personally; saying "vendor bid" is enough. How many are allowed was not seen Source

Bidder registration

Not confirmed whether bidders must register before a Tasmanian auction; the auction rules and the auction information statement are on display at each auction Source

Cooling-off at auction

None. A contract bought at auction cannot be made subject to conditions such as finance, and bidding accepts the contract on display. Source

The buying process

Licence check

Property Agents Board of Tasmania register: the agent's name, business name, place of business, licence type and expiry date Source

Who can do the conveyancing

Licensed conveyancers under the Conveyancing Act 2004: three-year licences, two years' experience and professional indemnity cover of at least $2 million Source

Electronic settlement

PEXA is an approved ELNO. E-conveyancing began in August 2024 and covered most transfers from February 2025; the client signs an authority, or the paper process is used. Source

Complaints

CBOS: contact the business first, then lodge an enquiry online; a response within 5 working days. Complaints about a real estate agent's conduct go to the Property Agents Board. Source

Solicitors

A law practice under the Legal Profession Act 2007 is the other route to conveyancing; not confirmed from official domains in this environment Source

Conveyancer register

Consumer, Building and Occupational Services keeps a public search of licensed conveyancers (with security agents and motor vehicle traders) at the link below. Source