First home buyers left scrambling as stamp duty exemption ends

Tasmania's stamp duty exemption for individuals purchasing their first home is set to conclude at the end of the current month. This impending deadline has created a sense of urgency for many prospective buyers who are now racing against time to finalize their property transactions. The scheme's expiration means that eligible first-time homeowners will soon face the additional cost of stamp duty on their purchases.

This change will impact the affordability of homeownership for a significant group of new buyers in Tasmania.