MyHome shared equity

Home Ownership Assistance

MyHome is the Tasmanian Government’s shared equity program that helps Tasmanians purchase their own home sooner. Under MyHome, the cost of buying your home is shared with Homes Tasmania.

Eligibility:

Income that covers the costs of purchasing and owning a home.
Be under income and financial asset limits (refer to website).
Live in Tasmania.
Be an Australian citizen or permanent resident.
Be an individual at least 18 years old (not a business or organisation).
Have a minimum deposit of 2% of the purchase price.
Not own or have an interest in any other real property.
Other eligibility requirements and information is available on the website.

Available assistance includes:

Up to a maximum of $300,000 or 40 per cent (whichever is the lesser amount) of the purchase price for purchasers of new homes or house and land packages.
Up to a maximum of $150,000 or 30 per cent (whichever is the lesser amount) of the purchase price for purchasers of existing homes.

If you are interested in buying an existing home (a home that has been lived in), there is a property price cap of $750,000 under MyHome.

MyHome is provided through Bank of us.