Assistance is available to Tasmanians who want to buy or build their own home and who are on a low to moderate income under the new MyHome Shared Equity Program.
MyHome Shared Equity Program
MyHome is the Tasmanian Government’s shared equity program that helps Tasmanians get into their own home sooner. Under MyHome, the cost of buying your home is shared with Homes Tasmania.
Assistance is available to Tasmanians who meet the eligibility criteria for MyHome. This includes having enough income to meet the costs of purchasing and owning a home.
Available assistance includes:
- up to a maximum of $200 000 or 40% (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% (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 $600 000 under MyHome.
MyHome is provided through Bank of us.
For more information:
Bank of us
Phone: 1300 306 716