Tasmania has signed up with NSW, Qld and South Australia by introducing plans to axe the $7,000 first-home owner Grant (FHOG) for establishing houses on July 30, 2014.
It will match with the end of Tasmania's First House Builder Boost (FHBB) - a transaction of $8,000 - on July 30.
From this 1st July, Tasmanian first-home customers who develop or buy a new house (including off-the-plan) will be eligible to a $7,000 FHOG. Those purchasing an existing house will get no grant money.
Tasmanian premier Lara Giddins has announced this FHOG for 2013-14 state budget and said that it will create new jobs in the market and build new industry. Giddins also said that this change will become the great for Tasmania which bring it into line with some others state like Victoria, South Australia. The fund will be used for job-creating.
Budget Date : 6th June