Almost 1,700 Tasmanian households have purchased their first home without paying a cent of stamp duty under the Tasmanian Government Stamping Out Stamp Duty policy in 2024.
Minister for Finance, Roger Jaensch, said the policy – which is a key part of the 2030 Strong Plan for Tasmania's Future - had been strongly supported by first home buyers, making homeownership a reality for thousands of Tasmanians.
"We said we would stamp out stamp duty, and we have. Since February 2024, almost 1,700 Tasmanian households have saved an average of $18,400," Minister Jaensch said.
"This scheme provides households with a saving of up to $28,935, which is making a real impact on the affordability of a first home.
"That kind of money can literally make the difference between being able to buy a first home, or not - particularly given the need for a large upfront cash deposit when buying a house."
Since its commencement, around 150 Tasmanian households have benefited from the exemption per month, with 454 homebuyers in the North, 385 in the North West and 846 in the South.
"Our Government understands the stress of trying to purchase your first home and we want more singles, couples and families to fulfil this dream," Minister Jaensch said.
"An important part of our 2030 Strong Plan for Tasmania's Future is to help more Tasmanians realise their home ownership dream which is exactly what we're doing here."
The First Home Buyer Duty Exemption is open until 30 June 2026, with the Government closely monitoring housing market trends.
