Tasmanian first home owners to lose grant for established homes at the end of June

Currently, established and new properties in Tasmania can receive a benefit for first time buyers, with up to $30,000 available. However, as in many other states and territories, this is changing at the end of June.

From 1 July 2014 established home buyers will lose the current $7,000 benefit.

For new properties, the First Home Builder Boost, which last November increased from $8,000 to $23,000, those eligible for this would also be benefit from the $7,000 FHOG, bringing their total payment to $30,000.

The grant for new properties is available until 31 December 2014.

To be eligible, you must not have owned and occupied (for more than six months) a home in Australia after 1 July 2000, and you cannot have owned a property before this time.

When you get the FHOG, you need to live in the property for six continuous months within 12 months of the date which the certificate of occupancy is issued.

You can check out the national guide to first home buyer grants to see a more detailed rundown of what's available across Australia for first home buyers.