Home Loans in Tasmania (TAS) - Compare Rates from 70+ Lenders

Q: What is the average home loan interest rate in Tasmania in 2026?

In Tasmania, the average variable home loan interest rate for owner-occupiers paying principal and interest is approximately 6.78% as of 2 November 2026. The lowest variable rates available to Tasmanian borrowers start from 5.93% p.a. (6.28% comparison rate) from online lenders. Fixed rates start from 6.09% p.a. (6.24% comparison rate). These rates assume an 80% loan-to-value ratio on a standard owner-occupier loan. Tasmania's lower median property prices compared to mainland capitals mean smaller loan sizes, resulting in lower total interest paid and monthly repayments of approximately $3,100-$3,200 on a median Hobart home.

Q: Which banks offer the best home loan rates in Tasmania?

In Tasmania, the best home loan rates as of 2026 come from a mix of online and traditional lenders. Unloan (backed by CommBank) offers a competitive variable rate with offset and redraw. Athena offers a competitive rate with automatic rate matching. Among the major banks, ING leads, followed by Macquarie and CommBank. Tasmania is Australia's smallest lending market, so fewer non-bank lenders actively service the state compared to NSW or VIC. Using a broker is particularly valuable in Tasmania as they can identify which lenders have the best appetite for Tasmanian properties and any postcode restrictions that may apply.

Q: How much deposit do I need for a home in Hobart?

To purchase a home in Hobart at the median house price of approximately $650,000, you would ideally need a 20% deposit of $130,000 to avoid paying Lenders Mortgage Insurance (LMI). The minimum deposit most lenders accept is 5%, which is $32,500 for a $650,000 property. First home buyers in Tasmania can combine the $20,000 FHOG with the federal First Home Guarantee (5% deposit, no LMI) for an exceptionally low entry cost. Regional Tasmania properties with a median of approximately $420,000 require a 20% deposit of just $84,000, making them among the most accessible markets in Australia for first-time buyers.

Q: What is the First Home Owner Grant in Tasmania?

Tasmania's First Home Owner Grant is $20,000 for new homes from 1 July 2026 ($30,000 where construction started by 30 June 2026). The grant is available to eligible first home buyers purchasing or building a new home in Tasmania. The property value cap is $750,000. To be eligible, applicants must be Australian citizens or permanent residents, aged 18 or over, and must not have previously owned residential property in Australia. The home must be the applicant's principal place of residence for at least 12 continuous months. Combined with the temporary FHB stamp duty exemption, Tasmanian first home buyers can access over $54,000 in government support.

Q: What government grants are available for first home buyers in Tasmania?

First home buyers in Tasmania can access some of Australia's most generous government support. The Tasmanian First Home Owner Grant provides $20,000 for new homes valued up to $750,000 (from 1 July 2026). The first home buyer duty exemption for established homes ended on 30 June 2026. The federal First Home Guarantee allows 5% deposits without LMI (unlimited places and no income cap since October 2025). The federal Help to Buy shared equity scheme requires just a 2% deposit. Tasmania does not have a state-specific shared equity scheme, but the combination of FHOG plus stamp duty exemption makes it one of the best states for first-time buyers.

Q: What is stamp duty on a $650,000 property in Tasmania?

For standard purchasers, stamp duty on a $650,000 property in Tasmania is approximately $24,622, calculated as $12,935 plus 4.25% of the amount over $375,000. The first home buyer duty exemption for established homes ended on 30 June 2026, so standard rates now apply unless a new concession is announced. The $20,000 FHOG still applies to new homes. Foreign buyers pay an additional 8% surcharge on top of standard duty in Tasmania.

Q: What are the hidden costs of buying a home in Tasmania?

Beyond the purchase price and stamp duty, buying a home in Tasmania involves several additional costs. Conveyancing fees typically run $800-$1,500. Building and pest inspections cost $400-$700. Strata inspection reports for units cost $200-$350. Loan application fees range from $0-$600. Lenders Mortgage Insurance (LMI) applies if your deposit is below 20% and can cost $4,000-$18,000 on a Hobart property. Land Titles Office registration fees are approximately $200-$250. Adjustments for council rates and TasWater charges apply at settlement. Building insurance is important in Tasmania given bushfire risk in some areas. Budget an additional 3-5% of the purchase price for these costs.

Q: What is the median house price in Hobart in 2026?

The median house price in Hobart is approximately $650,000 as of early 2026, according to CoreLogic data. After a correction in 2022-2023 following rapid COVID-era growth, Hobart prices have stabilised and are showing modest growth of approximately 3-5% over the 12 months to September 2026. The median unit price in Hobart is approximately $480,000. Prices range from $450,000-$550,000 in outer suburbs like Glenorchy, Claremont, and Brighton to over $1 million in premium waterfront suburbs like Battery Point, Sandy Bay, and Taroona. Hobart remains significantly more affordable than Sydney, Melbourne, and Brisbane.

Q: Can I get a home loan for regional Tasmania?

Yes, most major banks and online lenders approve home loans for regional Tasmania properties. All major lenders are active in Launceston, Devonport, Burnie, and the Huon Valley. Some lenders may have restrictions on very remote areas or properties on islands (e.g., King Island, Flinders Island) where limited sales data makes valuations difficult. Regional Tasmania median prices around $420,000 make these areas very affordable. Launceston has emerged as a popular alternative to Hobart, with strong rental yields and growing demand from interstate buyers. Credit unions like Bank of us (formerly Tasmanian Perpetual Trustees) offer competitive local lending options.

Q: Is Hobart property still affordable compared to other capitals?

Yes, Hobart remains more affordable than Sydney, Melbourne, Brisbane, and Adelaide. Hobart's median house price of approximately $650,000 is 46% cheaper than Sydney ($1.2M), 30% cheaper than Melbourne ($930K), 24% cheaper than Brisbane ($850K), and 13% cheaper than Adelaide ($750K). A 20% deposit in Hobart requires $130,000 compared to $240,000 in Sydney. Monthly repayments on a Hobart median home (80% LVR, 6.2%) are approximately $3,150 compared to $5,900 in Sydney. Tasmania also offers a $20,000 FHOG for new homes, keeping upfront costs well below most mainland capitals.

Compare home loan rates available to Tasmanian borrowers. Hobart metro median property price is ~$650K, regional TAS ~$420K. Access the $20,000 FHOG for new homes.

Rates updated 2 November 2026

Loan purpose

Repayment type

Loan amount

100% free. No impact on your credit score. Default loan amount based on 80% LVR on Hobart median.

Where Tasmania home loan rates sit today

Rates rising

4.60%

RBA Cash Rate

Up from 4.35% - 29 Sept 2026

$520K

Median New Loan

Most affordable mainland capital

From 6.09%

Lowest Fixed Rate

6.24% comparison rate

Hobart’s median new mortgage around $520K makes Tasmania one of Australia’s most accessible capital markets. The RBA has lifted the cash rate to 4.60% (up from 4.35%) and with variable rates currently lower than fixed, a variable loan is cheaper today but moves with each rba decision. Tasmanian borrowers have strong leverage to compare lenders.

70+ lenders in TAS Updated daily $20,000 FHOG available Hobart & regional TAS

Tasmania Home Loan Key Facts

TAS at a glance · 2026

6.78%

Avg variable rate

Owner-occ · lowest 5.93%

$650K

Hobart median price

Regional TAS ~$420K

$390K

Average loan size

Lowest of any state

$24,622

Stamp duty (median)

Standard buyer · $650K home

FHB stamp duty exemption

Up to $750K (temporary, extended to 30 June 2026).

Key TAS features

$20,000 FHOG for new homes (from 1 July 2026), first home duty relief ended 30 June 2026, smallest lending market - broker value is high.

Sources: CoreLogic, RBA Table F6, ABS Lending Indicators, State Revenue Office Tasmania. Data as of 11 September 2026.

Best Home Loan Rates in Hobart and Tasmania

Rates shown are available to Tasmania borrowers. Some lenders have postcode restrictions on island and remote properties. Monthly repayments are estimated based on a $650K property with 20% deposit ($520,000 loan) over 30 years.

Lender	Product	Rate (p.a.)	Comparison Rate	Monthly ($520K/30yr)	Features
SCCU	EMONEY HOME LOAN	5.93%	6.28%	$3,094	Offset, Redraw
SCCU	BROKER HOME LOAN	5.93%	6.28%	$3,094	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Value Home Loan - Owner Occupied	5.94%	5.98%	$3,098	Redraw, Digital banking
The Mutual Bank	Budget Home Loan	6.04%	6.04%	$3,131	Digital banking, Redraw
Greater Bank	Discounted Great Rate Home Loan - Variable Owner Occupied	6.09%	6.10%	$3,148	Redraw, Digital banking
Macquarie verified Sep 23	Basic Home Loan	6.09%	6.11%	$3,148	Offset, Redraw
South West Slopes Credit Union	Intro Discounted Standard Variable Home Loan	6.10%	6.10%	$3,151	Digital banking, Redraw, Offset, NPP
South West Slopes Credit Union	Optimum 2 Year Fixed Rate Home Loan	6.10%	6.10%	$3,151	Digital banking, NPP, Redraw
South West Slopes Credit Union	Optimum 3 Year Fixed Rate Home Loan	6.10%	6.10%	$3,151	Digital banking, NPP, Redraw
POLICE CREDIT UNION LIMITED	Low Rate Home Loan Special Offer - Owner Occupied	6.14%	6.18%	$3,165	Digital banking, NPP, PayID, Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	REFI SPECIAL OWNER OCCUPIED	6.14%	6.24%	$3,165	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	2 FIXED RATE HOME LOAN	6.14%	6.14%	$3,165	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	1 YEAR FIXED RATE LOAN	6.14%	6.14%	$3,165	Offset, Redraw
Bendigo Bank	Bendigo Express Home Loan	6.14%	6.27%	$3,165	Redraw, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 80% (Principal and Interest)	6.15%	6.20%	$3,168	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	GOVT LOW DEP VARIABLE OOC PI	6.17%	6.24%	$3,175	Redraw, Digital banking, PayID, NPP
Bank of China	Discount Home Loan (With Principal and Interest Repayment)	6.18%	6.38%	$3,178	Redraw, Digital banking
Bank of China	Discount Plus Home Loan (with Principal and Interest Repayment)	6.18%	6.56%	$3,178	Redraw, Offset, Digital banking
Bank of us	Flexidiscount Home Loan	6.19%	6.19%	$3,181	Redraw, Digital banking, NPP
FIRST OPTION BANK	SIMPLE HOME LOAN	6.19%	6.19%	$3,181	Digital banking, Redraw
Border Bank	Customs Value Home Loan	6.19%	6.26%	$3,181	Redraw, Offset
Up	Up Home Loan	6.20%	6.20%	$3,185	Digital banking, Offset, Redraw
Bank of us	TOPLINE HOME LOAN	6.24%	6.24%	$3,198	NPP, Redraw, Digital banking, Offset
UNITY BANK	Momentum Home Loan 60LVR - Owner Occupier - Variable - P&I SO	6.24%	6.29%	$3,198	Offset, Redraw, PayID, NPP, Digital banking
BankWAW	Back to Basics Owner Occupied	6.24%	6.29%	$3,198	Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR < 60%	6.24%	6.30%	$3,198	Redraw, Offset
Bank First Production	Basic Home Loan Variable LVR<60%	6.24%	6.29%	$3,198	Redraw, PayID, Digital banking
FIRST OPTION BANK	COMPLETE PACKAGE HOME LOAN	6.24%	6.59%	$3,198	Redraw, Digital banking, Offset
Police Bank	Goldrate Home Loan	6.24%	6.31%	$3,198	Redraw, Offset
BankVic	Home Loan Special Variable Rate	6.24%	6.24%	$3,198	Redraw, Offset
Border Bank	Goldrate Home Loan	6.24%	6.31%	$3,198	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing	6.24%	6.58%	$3,198	Redraw, Offset, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing INV	6.24%	6.58%	$3,198	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (up to 60%LVR)	6.24%	6.25%	$3,198	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 80% (Principal and Interest)	6.29%	6.66%	$3,215	Offset, Redraw, Digital banking
ING	Mortgage Simplifier	6.29%	6.32%	$3,215	Digital banking, PayID, NPP, Redraw
Bank First Production	Basic Home Loan Variable LVR 60-70%	6.29%	6.34%	$3,215	Redraw, PayID, Digital banking
A-Auswide Bank	BASIC HOME LOAN	6.29%	6.32%	$3,215	Redraw, NPP, PayID
Tiimely	Tiimely Basic Home Loan	6.29%	6.30%	$3,215	Redraw
Easystreet	STREET SMART VARIABLE HOME LOAN - OWNER-OCCUPIED (Principal and Interest)	6.29%	6.34%	$3,215	Offset, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.29%	6.66%	$3,215	Redraw, Offset, Digital banking
NRMA Insurance	NRMA Basic Home Loan	6.33%	6.37%	$3,229	Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - Without Offset	6.34%	6.39%	$3,232	Redraw, PayID, NPP, Digital banking
UNITY BANK	Momentum Home Loan 60-80LVR - Owner Occupier - Variable - P&I SO	6.34%	6.39%	$3,232	Offset, Redraw, PayID, NPP, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR <60%	6.34%	6.72%	$3,232	Offset, PayID, Digital banking, Redraw
BankWAW	Home Equity Loan Owner Occupied	6.34%	6.37%	$3,232	Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR 60-70%	6.34%	6.40%	$3,232	Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR <60%	6.34%	6.39%	$3,232	Offset, PayID, Digital banking, Redraw
Bank First Production	Basic Home Loan Variable LVR 70-80%	6.34%	6.39%	$3,232	Redraw, PayID, Digital banking
CENTRAL WEST CREDIT UNION LTD	Premium Smart Home Loan	6.34%	6.40%	$3,232	Redraw, Offset, Digital banking
Credit Union SA	40 Year Home Loan Package	6.34%	6.71%	$3,232	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (60%-80% LVR)	6.34%	6.35%	$3,232	Digital banking, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.34%	6.71%	$3,232	Redraw, Offset, Digital banking
HUME BANK LIMITED	myBlue Variable O/Occ P+I (up to 60% LVR)	6.34%	6.34%	$3,232	Redraw, Digital banking, Offset
BankVic	Fixed Rate Home Loan - 5 years	6.35%	6.35%	$3,236
BankVic	Fixed Rate Home Loan - 4 years	6.35%	6.35%	$3,236
BankVic	Fixed Rate Home Loan - 3 years	6.35%	6.35%	$3,236
BankVic	Fixed Rate Home Loan - 1 year	6.35%	6.35%	$3,236
BankVic	Fixed Rate Home Loan - 2 years	6.35%	6.35%	$3,236
BankVic	Home Loan Variable Rate	6.35%	6.35%	$3,236	Redraw
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Basic Home Loans	6.35%	6.38%	$3,236	Digital banking, Redraw
Qudos Bank	Low Cost Value Package	6.38%	6.56%	$3,246	Offset, Redraw
Qudos Bank	No Frills Home Loan	6.38%	6.38%	$3,246	Digital banking, NPP, PayID, Redraw
Qantas Money	QANTAS Money Basic Home Loan	6.38%	6.45%	$3,246	Redraw
Bendigo Bank	Bendigo Easy Home Loan	6.38%	6.40%	$3,246	Redraw
CommBank	Digi Home Loan (Owner Occupied)	6.39%	6.41%	$3,249	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.77%	$3,249	Digital banking, PayID, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.44%	$3,249	PayID, Digital banking, Redraw, Offset
BankVic	Offset Variable Rate Home Loan	6.39%	6.39%	$3,249	Redraw, Offset
POLICE CREDIT UNION LIMITED	Low Rate Home Loan - Owner Occupied	6.39%	6.46%	$3,249	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Renovation Loan - Owner Occupied	6.39%	6.46%	$3,249	Digital banking, NPP, PayID, Redraw, Offset
ORANGE CREDIT UNION LTD	Basic Variable Rate Home Loan	6.39%	6.44%	$3,249	Redraw
Bendigo Bank	Single Parents (Bendigo Complete Home Loan)	6.43%	6.65%	$3,263	Offset, Redraw
Unloan Prod	Unloan Home Loan	6.44%	6.35%	$3,266	Digital banking, Redraw, NPP
Bank of Queensland	Economy Variable Home Loan	6.44%	6.58%	$3,266	Redraw, Digital banking
THE CAPRICORNIAN	Variable Rate Offset Home Loan	6.44%	6.44%	$3,266	Offset, PayID, Digital banking, NPP, Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - With Offset	6.44%	6.49%	$3,266	Redraw, Offset, PayID, Digital banking, NPP
UNITY BANK	Momentum Home Loan 80LVR - Owner Occupier - Variable - P&I SO	6.44%	6.49%	$3,266	Offset, Redraw, PayID, NPP, Digital banking
ING	Orange Advantage	6.44%	6.73%	$3,266	Digital banking, PayID, NPP, Redraw, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.82%	$3,266	PayID, Digital banking, Redraw, Offset
Greater Bank	Discounted Ultimate Packaged Home Loan - Variable Owner Occupied	6.44%	6.80%	$3,266	Offset, Digital banking, Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.49%	$3,266	Offset, PayID, Digital banking, Redraw
Bank of Sydney	BOS Basic Home Loan Owner Occupied	6.44%	6.48%	$3,266	Redraw, Digital banking
The Mutual Bank	Package Home Loan	6.44%	6.80%	$3,266	Offset, Redraw, Digital banking
NAB	NAB Tailored Home Loan	6.44%	6.57%	$3,266	Offset, Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (60.01 - 80.00% LVR)	6.44%	6.44%	$3,266	Redraw, Digital banking, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 95% (Principal and Interest)	6.45%	6.50%	$3,270	Digital banking, Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR 70-80%	6.49%	6.55%	$3,283	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	BASIC VARIABLE LOAN	6.49%	6.59%	$3,283	Redraw, Offset
Cairns Bank	CLASSIC HOME LOAN VARIABLE <60 LVR PI	6.49%	5.95%	$3,283	Redraw
Aussie Home Loans	Aussie Elevate Basic Home Loan	6.54%	6.56%	$3,300	Redraw
Connective Select Home Loans	Connective Select Basic Home Loan	6.54%	6.56%	$3,300	Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 12 mths P&I Owner Occupied	6.54%	6.54%	$3,300	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 24 mths P&I Owner Occupied	6.54%	6.54%	$3,300	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 36 mths P&I Owner Occupied	6.54%	6.54%	$3,300	Offset, Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 60-80 LVR PI	6.54%	6.00%	$3,300	Redraw
AFG Home Loans Alpha	AFG Alpha Basic Home Loan	6.54%	6.56%	$3,300	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (80%-90% LVR)	6.54%	6.55%	$3,300	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 95% (Principal and Interest)	6.59%	6.96%	$3,318	Offset, Redraw, Digital banking
Unknown lender	Standard Variable Plus	6.59%	6.75%	$3,318	Redraw, Offset
Cairns Bank	PLUS HOME LOAN VARIABLE <60 LVR	6.59%	6.27%	$3,318	Redraw, Offset
LCU	Intelligent Mortgage 1 Year Fixed	6.60%	6.61%	$3,321	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage 2 Years Fixed	6.60%	6.63%	$3,321	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage Variable	6.60%	6.62%	$3,321	Redraw, Offset, Digital banking, NPP, PayID
THE CAPRICORNIAN	No Frills Owner Occupied Home Loan	6.64%	6.69%	$3,335	PayID, NPP, Digital banking, Redraw
Bank of Sydney	Expect More Home Loan Owner Occupied	6.64%	6.79%	$3,335	Digital banking, Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Variable	6.64%	6.69%	$3,335	Offset, Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE 60-80 LVR PI	6.64%	6.32%	$3,335	Redraw, Offset
Bank Australia	Basic Home Loan	6.64%	6.64%	$3,335	Digital banking, Redraw
Bank Australia	Offset Home Loan	6.64%	6.82%	$3,335	Digital banking, Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (80.01-90.00% LVR)	6.64%	6.64%	$3,335	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.85%	$3,352	PayID, Digital banking, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.51%	$3,352	Offset, PayID, Digital banking, Redraw
NAB	NAB Base Variable Rate Home Loan	6.69%	6.69%	$3,352	Redraw, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan Variable PI Owner Occupied	6.69%	7.03%	$3,352	Redraw, Offset, Digital banking
RACQ Bank	Fair Dinkum Home Loan	6.69%	6.69%	$3,352	Digital banking, NPP
Liberty Financial	Low rate home loan	6.74%	6.82%	$3,369	Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	STANDARD VARIABLE LOAN	6.74%	6.84%	$3,369	Redraw, Offset
Defence Bank Limited	Premier Low Rate	6.74%	6.74%	$3,369	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 80-90 LVR PI	6.74%	6.20%	$3,369	Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O(up to 60% LVR)	6.74%	6.48%	$3,369	Digital banking, Redraw
Community First Credit Union	Community Advantage Variable Owner Occupied (Principal and Interest)	6.79%	6.84%	$3,387	Redraw
Qudos Bank	Construction Home Loan	6.79%	6.65%	$3,387
RACQ Bank	Mortgage Saver Home Loan	6.79%	6.83%	$3,387	Digital banking, NPP, Redraw
Bank of Queensland	Clear Path Variable Home Loan	6.84%	6.96%	$3,404	Offset, Redraw
Liberty Financial	Debt consolidation home loan	6.84%	7.11%	$3,404	Offset, Redraw
Liberty Financial	Flexible home loan	6.84%	7.11%	$3,404	Offset, Redraw
Bank First Production	Basic Home Loan Variable LVR 80-90%	6.84%	6.89%	$3,404	Redraw, PayID, Digital banking
Defence Bank Limited	Premier Home Loan	6.84%	6.84%	$3,404	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Construction (INV)	6.84%	6.93%	$3,404	Offset, Digital banking, Redraw
AMP - My AMP	Equity Flex	6.84%	7.15%	$3,404	Redraw, Offset, Digital wallet, Digital banking
Cairns Bank	PLUS HOME LOAN VARIABLE 80-90 LVR PI	6.84%	6.51%	$3,404	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (60%-80% LVR)	6.84%	6.58%	$3,404	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (up to 60% LVR)	6.84%	6.56%	$3,404	Redraw, Digital banking, Offset
HORIZON BANK	Home Sweet Home Loan	6.89%	7.12%	$3,421	Redraw, Digital banking, NPP, Offset
IMB Bank	Essentials Home Loan	6.89%	7.00%	$3,421	Offset, Digital banking, Redraw
IMB Bank	Budget Home Loan	6.89%	6.95%	$3,421	Digital banking, Redraw
AMB Bank Product	DHOAS Construction Loan	6.89%	6.92%	$3,421
AMB Bank Product	DHOAS Rate Saver Home Loan	6.89%	6.92%	$3,421	Redraw
RACQ Bank	Mortgage Breaker Owner Occupied	6.89%	6.93%	$3,421	NPP, Digital banking, Offset, Redraw
Bank of us	TOPLINE RES. INV. LOAN	6.94%	7.01%	$3,439	NPP, Redraw, Digital banking, Offset
THE CAPRICORNIAN	Lifestyle Home Loan	6.94%	6.99%	$3,439	Offset, PayID, NPP, Digital banking, Redraw
St. George Bank	Basic Variable Home Loan	6.94%	6.95%	$3,439	Redraw, Digital banking
Bank of Melbourne	Basic Variable Home Loan	6.94%	6.95%	$3,439	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >80% <90%	6.94%	6.99%	$3,439	Offset, PayID, Digital banking, Redraw
BankSA	Basic Variable Home Loan	6.94%	6.95%	$3,439	Redraw, Digital banking
POLICE CREDIT UNION LIMITED	Better Home Loan 80% LVR - Owner Occupied	6.94%	7.01%	$3,439	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Better Home Loan 90% LVR - Owner Occupied	6.94%	7.01%	$3,439	Digital banking, NPP, PayID, Redraw, Offset
QBANK	Classic Home Loan	6.94%	6.96%	$3,439	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE >90 LVR PI	6.94%	6.40%	$3,439	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (90%-95% LVR)	6.94%	6.95%	$3,439	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (60.01 - 80.00% LVR)	6.94%	6.66%	$3,439	Redraw, Digital banking, Offset
Newcastle Permanent	Real Deal Home Loan Principal and Interest	6.99%	7.03%	$3,456	Redraw, Digital banking
MACARTHUR CREDIT UNION LTD	LOW LVR OOC P&I	6.99%	7.06%	$3,456	Redraw
AMB Bank Product	Construction Loan	6.99%	7.02%	$3,456
AMB Bank Product	RateSaver Home Loan	6.99%	7.02%	$3,456	Redraw
CENTRAL WEST CREDIT UNION LTD	Minimiser Home Loan	7.04%	7.10%	$3,474	Redraw, Digital banking
Defence Bank Limited	Ultimate Essentials I/O Con	7.04%	7.13%	$3,474	Offset, Digital banking
QBANK	Classic Plus Home Loan	7.04%	7.31%	$3,474	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Variable	7.04%	7.13%	$3,474	Digital banking, Offset, Redraw
AMB Bank Product	DHOAS Value Home Loan	7.04%	7.07%	$3,474	Offset, Redraw
AMB Bank Product	DHOAS Standard Variable Home Loan	7.04%	7.07%	$3,474	Redraw, Offset
AMP - My AMP	AMP Essential Home Loan	7.04%	7.07%	$3,474	Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE >90 PI	7.04%	6.71%	$3,474	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (80%-90% LVR)	7.04%	6.78%	$3,474	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (90.01 -95.00% LVR)	7.04%	7.04%	$3,474	Redraw, Digital banking, Offset
Westpac	Flexi First: Our lowest online variable home loan rate (Owner Occupied)	7.09%	7.10%	$3,491	Redraw, Digital banking
Bank of us	FLEXICHOICE HOME LOAN	7.11%	7.32%	$3,498	NPP, Redraw, Digital banking, Offset
NRMA Insurance	NRMA Offset Home Loan	7.13%	7.33%	$3,505	Offset, Redraw
Bendigo Bank	Bendigo Complete Home Loan	7.13%	7.35%	$3,505	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan	7.13%	7.30%	$3,505	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan (Retail)	7.13%	7.33%	$3,505	Offset, Redraw
Defence Bank Limited	Ultimate Essentials I/O	7.14%	7.23%	$3,509	Offset, Digital banking
Tiimely	Tiimely Offset Home Loan	7.14%	7.30%	$3,509	Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (80.01-90.00% LVR)	7.14%	6.86%	$3,509	Redraw, Digital banking, Offset
CENTRAL WEST CREDIT UNION LTD	Smart Home Loan	7.15%	7.21%	$3,512	Redraw, Offset, Digital banking
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 2 year	7.15%	7.15%	$3,512	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 1 year	7.15%	7.15%	$3,512	Digital banking, Redraw
Health Professionals Bank	Your Way Plus Home Loan	7.19%	7.48%	$3,526	Redraw, Digital banking, Offset
Health Professionals Bank	Your Way Home Loan	7.19%	7.26%	$3,526	Redraw, Digital banking
Regional Australia Bank	Regional Australia Bank Home Loan (Non Offset)	7.19%	7.22%	$3,526	Redraw
UniBank	Your Way Plus Home Loan	7.19%	7.48%	$3,526	Redraw, Digital banking, Offset
UniBank	Your Way Home Loan	7.19%	7.26%	$3,526	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR 80-90%	7.19%	7.02%	$3,526	Offset, PayID, Digital banking, Redraw
AMB Bank Product	Standard Variable Home Loan	7.19%	7.23%	$3,526	Redraw, Offset
AMB Bank Product	Value Home Loan	7.19%	7.23%	$3,526	Offset, Redraw
BankWAW	Flexible Choice Owner Occupied	7.24%	7.29%	$3,544	Redraw, Offset
Liberty Financial	Low doc home loan	7.24%	7.51%	$3,544	Redraw, Offset
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest	7.24%	7.30%	$3,544	Offset, Redraw
AMP - My AMP	AMP Superedge Loan	7.24%	7.61%	$3,544	Offset, Digital wallet, Digital banking
Credit Union SA	Variable Home Loan Package Principal and Interest	7.24%	7.59%	$3,544	Redraw, Offset, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >80% <90%	7.28%	7.65%	$3,558	PayID, Redraw, Digital banking, Offset
Qantas Money	QANTAS Money Offset Home Loan	7.28%	7.50%	$3,558	Offset, Redraw
MACARTHUR CREDIT UNION LTD	LOW LVR INV P&I HOME LOAN	7.29%	7.36%	$3,561	Redraw
Bank First Production	Basic Home Loan Variable LVR>90%	7.29%	7.34%	$3,561	Redraw, PayID, Digital banking
Credit Union SA	Discounted Variable Rate Home Loan Principal and Interest	7.29%	7.32%	$3,561	Redraw, Digital banking
ANZ	ANZ Simplicity PLUS	7.34%	7.34%	$3,579	Digital banking, Redraw
Newcastle Permanent	Premium Plus Package Variable Home Loan Principal and Interest	7.35%	7.67%	$3,583	Digital banking, Offset, Redraw
Aussie Home Loans	Aussie Elevate Offset Home Loan	7.39%	7.56%	$3,597	Offset, Redraw
ME Bank	ME Bank CompleteME Home Loan	7.39%	7.75%	$3,597	Offset, Digital banking, Redraw
Liberty Financial	Fresh start home loan	7.39%	7.73%	$3,597	Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >90%	7.39%	7.44%	$3,597	Digital banking, Redraw, PayID, Offset
Connective Select Home Loans	Connective Select Offset Home Loan	7.39%	7.56%	$3,597	Offset, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc Jumbo (BNK)	7.39%	7.46%	$3,597	Offset, Digital banking, Redraw
AFG Home Loans Alpha	AFG Alpha Offset Home Loan	7.39%	7.56%	$3,597	Offset, Redraw
Regional Australia Bank	Regional Australia Bank Home Loan (Offset)	7.40%	7.43%	$3,600	Offset, Redraw
UniBank	Your Way Home Loan	7.44%	7.36%	$3,615	Redraw, Digital banking
THE CAPRICORNIAN	Premium Choice Home Loan	7.45%	7.50%	$3,618	PayID, NPP, Digital banking, Offset, Redraw
ANZ	ANZ Standard Variable home loan	7.49%	7.49%	$3,632	Digital banking, Redraw, Offset
Credit Union SA	Standard Variable Rate Home Loan Principal and Interest	7.49%	7.54%	$3,632	Offset, Redraw
AMP - My AMP	Professional Package	7.52%	7.92%	$3,643	Redraw, Offset, Digital wallet, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR 80-90%	7.53%	7.68%	$3,647	Offset, PayID, Digital banking, Redraw
My State PM Production	Basic Variable Loan	7.54%	7.57%	$3,650	Redraw, Digital banking
My State PM Production	Special Residential Variable Loan	7.54%	7.59%	$3,650	Digital banking, Offset, Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O (90%-95% LVR)	7.54%	7.23%	$3,650	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Mortgage Equity Loan	7.60%	9.02%	$3,672	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR>90%	7.64%	7.47%	$3,686	PayID, Digital banking, Redraw, Offset
HUME BANK LIMITED	myBlue Variable O/Occ I/O (90.01 -95.00% LVR)	7.64%	7.31%	$3,686	Redraw, Digital banking, Offset
NORTHERN INLAND CREDIT UNION LTD.	Smart Home Loan Variable	7.69%	7.86%	$3,704	Redraw, Offset, Digital banking
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interst - Principal and Interest - LVR > 80%	7.74%	7.81%	$3,722	Offset, Redraw
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 80% LVR - Owner Occupied	7.74%	7.81%	$3,722	Offset, Redraw, NPP
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 90% LVR - Owner Occupied	7.74%	7.81%	$3,722	NPP, Offset, Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	HOME EQUITY LOAN	7.74%	7.85%	$3,722	Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >90%	7.78%	8.15%	$3,736	Redraw, Offset, PayID, Digital banking
Bank of Queensland	BOQ Essential Home Loan	7.82%	7.84%	$3,751	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I >750K	7.87%	7.94%	$3,769	Redraw, Digital banking, PayID, NPP
Greater Bank	Ultimate Packaged Home Loan - Variable Owner Occupied	7.91%	8.26%	$3,783	Digital banking, Redraw, Offset
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 500K TO 750K	7.97%	8.04%	$3,805	Redraw, Digital banking, PayID, NPP
CommBank	Standard Variable Rate Home Loan (Owner Occupied)	7.99%	8.35%	$3,812	Redraw, Offset, Digital banking
CommBank	Simple Home Loan (Owner Occupied)	7.99%	8.13%	$3,812	Redraw, Offset, Digital banking
Virgin Money Australia	Virgin Money Lite Home Loan	8.02%	8.04%	$3,823	Digital banking, Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR>90%	8.03%	8.17%	$3,826	PayID, Redraw, Offset, Digital banking
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 250K TO 500K	8.07%	8.14%	$3,841	Redraw, Digital banking, PayID, NPP
THE CAPRICORNIAN	Access Equity Home Loan	8.09%	8.14%	$3,848	PayID, NPP, Digital banking, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc (BNK)	8.09%	8.17%	$3,848	Offset, Digital banking, Redraw
Greater Bank	Great Rate Home Loan - Variable Owner Occupied	8.11%	8.12%	$3,856	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I	8.17%	8.24%	$3,877	Redraw, Digital banking, PayID, NPP
MACARTHUR CREDIT UNION LTD	MORTGAGE OFFSET OWNER OCCUPIED P&I	8.17%	8.24%	$3,877	Redraw, Digital banking, NPP, PayID, Offset
AMP - My AMP	Land Loan	8.20%	8.26%	$3,888	Redraw, Digital banking
BOQ Specialist	Basic Home Loan	8.27%	8.45%	$3,914	Redraw
HORIZON BANK	HANDYLOAN	8.39%	8.39%	$3,958	Digital banking, PayID, NPP, Digital wallet
Virgin Money Australia	Virgin Money Loaded Home Loan	8.41%	8.68%	$3,965	Offset, Digital banking, Redraw
Bank of Queensland	BOQ Plus Home Loan	8.49%	8.76%	$3,995	Digital banking, Redraw
My State PM Production	Standard Variable Loan	8.62%	8.68%	$4,043	Digital banking, Offset, Redraw
Bank of China	Standard Variable Rate Home Loan	8.64%	8.71%	$4,050	Redraw, Digital banking
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Special Home Loans	8.64%	8.67%	$4,050	Offset, Redraw, Digital banking
The Mutual Bank	Express Credit Facility	8.89%	8.89%	$4,143	PayID, NPP, Digital banking, Digital wallet
ANZ Plus	ANZ Plus Home Loan Variable	8.89%	8.89%	$4,143	Redraw, Offset, Digital banking
Judo Bank	Home Loan	8.90%	8.92%	$4,147	Redraw
Westpac	Premium Options Home Loan	9.08%	9.08%	$4,214	Redraw
Liberty Financial	Low deposit home loan	9.14%	9.89%	$4,237	Offset, Redraw
IMB Bank	Standard Variable Home Loan	9.21%	9.28%	$4,263	Offset, Digital banking, Redraw
THE CAPRICORNIAN	Mortgage Plus Home Loan	9.23%	9.23%	$4,270	Digital banking, Digital wallet, PayID, NPP
Bank of Melbourne	Variable Home Loan with Offset	9.34%	9.48%	$4,312	Offset, Redraw, Digital banking
BankSA	Variable Home Loan with Offset	9.35%	9.49%	$4,316	Offset, Redraw, Digital banking
St. George Bank	Variable Home Loan with Offset	9.36%	9.50%	$4,319	Offset, Redraw, Digital banking
Westpac	Rocket Loan: Variable Home Loan with Offset (Owner Occupied)	9.38%	9.52%	$4,327	Redraw, Offset, Digital banking
UNITY BANK	Retirees Access Home Loan	9.50%	9.60%	$4,372	Redraw, PayID, NPP, Digital banking
Arab Bank Australia Ltd Prod	The Basics Home Loan	9.54%	9.67%	$4,388	Redraw, Digital banking
Arab Bank Australia Ltd Prod	Basics Home Loan Special Offer	9.54%	9.67%	$4,388	Digital banking, Redraw
Bank of Melbourne	Relocation Loan without end	9.63%	9.45%	$4,422
Bank of Melbourne	Relocation Loan with end	9.63%	9.45%	$4,422
Arab Bank Australia Ltd Prod	Essentials Home Loan Special Offer	9.64%	9.69%	$4,426	Digital banking, Redraw, Offset
Arab Bank Australia Ltd Prod	Essentials Home Loan	9.64%	9.69%	$4,426	Redraw, Digital banking, Offset
BankSA	Relocation Loan with end	9.64%	9.46%	$4,426
BankSA	Relocation Loan without end	9.64%	9.46%	$4,426
St. George Bank	Relocation Loan without end	9.65%	9.47%	$4,429
St. George Bank	Relocation Loan with end	9.65%	9.47%	$4,429
BOQ Specialist	Plus Home Loan	9.69%	9.69%	$4,445
BOQ Specialist	Home Loan Banking Package	9.87%	10.33%	$4,513
A-Auswide Bank	HOME LOAN PLUS	10.01%	10.17%	$4,567	Offset, Redraw, NPP, PayID
NAB	NAB FlexiPlus Mortgage	10.36%	10.36%	$4,702	Digital banking
Bank of Sydney	Home Equity Maximiser Owner Occupied	11.90%	11.90%	$5,309	Digital banking

Rates based on $520,000 owner-occupier P&I loan (80% LVR on $650K Hobart median), 30-year term. Rates are indicative and subject to change. "Lowest" = the lowest rate on our live CDR feed at the time of viewing, across the lenders we display, excluding products restricted to particular professions, first home buyers or government schemes. Each lender's eligibility criteria still apply and the lowest rate may not be available to you. Rates update daily and not all lenders are included, so other products may be lower. Source: Consumer Data Right (CDR), lender websites. Last updated: 2 November 2026. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Savings example: On Hobart’s ~$520,000 median new loan over 30 years, cutting your rate by 0.60% saves about $200/month.

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Live CDR rates

Save up to $1,358/year* by switching home loan

Compare your current rate against the lowest variable rate on our live Consumer Data Right feed - 5.93% p.a. across 70+ Australian lenders.

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*Illustrative only. Based on a $650,000 loan over 30 years moving from 6.20% (RBA average rate on outstanding owner-occupier variable loans, August 2026) to 5.93%, the lowest broadly available variable rate on our CDR feed. Lender eligibility criteria apply and it may not be available to you. Annual difference in principal and interest repayments (paid monthly), before fees and switching costs - not a projection over the loan term. Actual savings depend on your loan details and lender assessment.

Tasmania Home Loan Calculators

Estimate your borrowing power and repayments. Defaults are tuned to a typical TAS home loan of $520,000.

Borrowing Power Calculator

Estimate how much you could borrow based on your income and expenses. Factors in APRA's 3% serviceability buffer.

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Repayment Calculator

Calculate your monthly, fortnightly or weekly home loan repayments and total interest paid on a TAS home loan.

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Offset accounts work harder in Tasmania: Parking $50,000 in a 100% offset against a Hobart-sized $520,000 loan at our lowest variable rate of 5.93% (lender eligibility criteria apply) trims interest by roughly $2,965/year while keeping the cash fully accessible - and shaves around 3 years off a 30-year term if left untouched. Try it in the repayment calculator below.

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TAS home loan rates - made simple.

Compare home loan products available to TAS buyers from 70+ Australian lenders. Indicative rates, fees and features in minutes - comparing on this site has no impact on your credit score.

Tasmania Property Market Overview

Tasmania's property market has stabilised after the rapid growth of 2020-2022 when Hobart prices surged over 40%. After a modest correction in 2022-2023, the market is now showing steady recovery with approximately 3-5% annual growth. Tasmania remains one of Australia's most affordable states, with strong rental yields, low vacancy rates, and increasing appeal to interstate migrants and retirees seeking lifestyle and affordability.

Hobart Metro snapshot

Median house price: ~$650,000
Median unit price: ~$480,000
12-month growth: +3.8%
Average days on market: 32 days
Rental vacancy rate: ~0.7%

Source: CoreLogic, REIT, September 2026

Regional TAS snapshot

Median house price: ~$420,000
12-month growth: +4.5%
Key growth areas: Launceston, Devonport, Burnie
Average days on market: 38 days
Gross rental yield: ~5.2%

Source: CoreLogic, REIT, 2026

Key Tasmania growth corridors

In 2026, Hobart's growth is centred on the eastern shore (Clarence, Howrah, Bellerive) and northern suburbs (Glenorchy, Moonah, New Town) which offer more affordable entry points. Sandy Bay, Battery Point, and South Hobart remain Hobart's premium markets. Launceston has emerged as Tasmania's second-biggest growth story, attracting buyers priced out of Hobart with medians around $500,000. The north-west coast (Devonport, Burnie, Wynyard) offers entry points under $400,000 and is attracting retirees and remote workers. The Huon Valley and Channel area south of Hobart are popular lifestyle destinations with growing demand.

Tasmania Stamp Duty Rates and Thresholds

In Tasmania, stamp duty is calculated on a sliding scale with seven brackets. The first home buyer duty exemption for established homes ended on 30 June 2026; standard rates now apply.

Property Value	Duty Rate
Up to $3,000	$50 flat
$3,001-$25,000	$50 + 1.75% of amount over $3,000
$25,001-$75,000	$435 + 2.25% of amount over $25,000
$75,001-$200,000	$1,560 + 3.5% of amount over $75,000
$200,001-$375,000	$5,935 + 4% of amount over $200,000
$375,001-$725,000	$12,935 + 4.25% of amount over $375,000
Over $725,000	$27,810 + 4.5% of amount over $725,000

Up to $3,000

$50 flat

$3,001-$25,000

$50 + 1.75% of amount over $3,000

$25,001-$75,000

$435 + 2.25% of amount over $25,000

$75,001-$200,000

$1,560 + 3.5% of amount over $75,000

$200,001-$375,000

$5,935 + 4% of amount over $200,000

$375,001-$725,000

$12,935 + 4.25% of amount over $375,000

Over $725,000

$27,810 + 4.5% of amount over $725,000

First home buyer concessions

First home buyer duty relief ended 30 June 2026
Applies to both new and established homes
Saving of up to ~$24,600 on a $650K property
Must live in property for 12 continuous months

Foreign buyer surcharges

8% foreign buyer surcharge
Applies to residential property only
Additional 1.5% land tax surcharge for foreign owners

Source: State Revenue Office Tasmania, 2026

First home buyer advantage: A standard buyer on a $600K Hobart property pays approximately $22,530 in stamp duty. First home buyer duty relief ended on 30 June 2026, so the same duty now applies; a $20,000 FHOG remains available on new homes.

Tasmania Government Grants & Schemes for Home Buyers

First Home Owner Grant (FHOG)

In Tasmania, the First Home Owner Grant provides $20,000 to eligible first home buyers purchasing or building a new home valued up to $750,000 (from 1 July 2026; $30,000 where construction started by 30 June 2026).

Grant amount: $20,000 (from 1 Jul 2026)
Property value cap: $750,000
Eligibility: New homes only
Residency requirement: 12 months continuous

First home buyer duty relief (ended)

Tasmania's duty exemption for first home buyers of established homes ended on 30 June 2026. Standard duty rates now apply unless a new concession is announced - check the State Revenue Office of Tasmania before you budget.

Exemption threshold: Ended
Applies to: New & established homes
Expires: Ended 30 June 2026
Max saving: ~$27,810

First Home Guarantee (Federal)

The federal First Home Guarantee allows eligible first home buyers in Tasmania to purchase with a 5% deposit without paying LMI. The government guarantees up to 15% of the property value. Price caps in Tasmania are among the most favourable nationally.

Places (nationally): 35,000/year
Price cap (Hobart): $600,000
Price cap (regional TAS): $450,000

Total FHB Support Package

A first home buyer building or buying a new home can access the $20,000 FHOG (from 1 July 2026) plus federal support such as the 5% Deposit Scheme. First home buyer duty relief for established homes ended on 30 June 2026.

FHOG (new home): $20,000
Stamp duty saving: None (relief ended 30 Jun 2026)
Total government support: $20,000 + federal schemes

Choosing a Home Loan Lender in Tasmania

Major banks in TAS

All four major Australian banks have branch networks in Tasmania, primarily concentrated in Hobart and Launceston. CommBank, ANZ, Westpac, and NAB all have Hobart CBD and suburban branches. Bank of us (formerly Tasmanian Perpetual Trustees) is Tasmania's local bank, offering competitive rates with strong local knowledge and broader regional coverage.

Bank of us - Tasmania's own local bank
All four major banks in Hobart & Launceston
Brokers highly recommended in TAS market

Online lenders in TAS

Online lenders offer the lowest rates for Tasmanian borrowers. Unloan and Athena lend across most TAS postcodes. As Tasmania is Australia's smallest lending market, fewer non-bank lenders actively target the state, making broker advice particularly valuable.

Unloan

From 6.44% (6.35% comparison rate*)

CommBank-backed

Athena

From 6.04% (6.04% comparison rate*)

Auto-rate match

Bank of us

From 6.19% (6.19% comparison rate*)

Local TAS bank

ING

From 6.29% (6.32% comparison rate*)

Orange Everyday

Regional TAS lending

Most major banks and online lenders actively lend across Tasmania, including Launceston, Devonport, Burnie, and the Huon Valley. Properties on King Island and Flinders Island may face restrictions from some lenders due to limited comparable sales data and logistical challenges with valuations. Bank of us is particularly valuable for regional and island property lending as it has the strongest local knowledge. Mortgage brokers familiar with the Tasmanian market can identify which lenders are currently accepting applications for specific postcodes.

Broker vs direct in TAS

In Tasmania, using a mortgage broker is particularly valuable because the state is Australia's smallest lending market. Fewer lenders actively target Tasmania, so a broker can identify which lenders have the best appetite for Tasmanian properties and offer the most competitive rates. Brokers are also essential for navigating the combination of the $20,000 FHOG and federal schemes. Tasmania has a strong network of local brokers who understand the market's unique characteristics including island property challenges and regional lending nuances.

$650K

Hobart median house price

Source: CoreLogic, September 2026

$30K

First Home Owner Grant

Tied with QLD for highest

$54.6K

Total FHB support (new home)

FHOG + stamp duty exemption

Frequently Asked Questions - Home Loans in Tasmania

Common questions about buying a home and getting a home loan in Tasmania.

Rates & Borrowing in Tasmania

What is the average home loan interest rate in Tasmania in 2026?

Which banks offer the best home loan rates in Tasmania?

How much deposit do I need for a home in Hobart?

Grants, Stamp Duty & Costs

What is the First Home Owner Grant in Tasmania?

What government grants are available for first home buyers in Tasmania?

What is stamp duty on a $650,000 property in Tasmania?

What are the hidden costs of buying a home in Tasmania?

Buying in Tasmania

What is the median house price in Hobart in 2026?

Can I get a home loan for regional Tasmania?

Is Hobart property still affordable compared to other capitals?

How does Tasmania's rental market affect home loan decisions?

Can I get a home loan for a property on King Island or Flinders Island?

Related Tasmania Guides & Resources

Complete Home Loan Guide

Everything you need to know about Australian home loans.

Home Loans Australia

National home loan comparison.

First Home Buyers TAS

$30K FHOG & stamp duty tips.

Refinance TAS

Switch & save on your TAS loan.

Green Home Loans TAS

Solar & green loan discounts.

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