Slice Finance - Mortgage broker in Tasmania
1300 137 542

Buying your first home made simple

Buying your first home is a big step. At Slice Finance, we help first home buyers across Hobart, Howrah and Tasmania understand their options and move forward with a loan that suits their budget and goals.
Find grants and schemes to save you money
three women sitting on a couch talking to each other

Access to 70 + Lenders

We bring together a broad panel of lenders in one place, helping you compare options aligned with your deposit and borrowing capacity.

Low Deposit, No LMI

We help you explore ways to reduce upfront costs, including low deposit options and potential LMI savings, so you can move forward sooner with a structure that suits your situation.

We Stick Around

We don’t disappear after settlement. When rates shift, questions pop up or life changes, we’re here to check in and keep your loan working for you.

Buying Your First Home Starts Here

We keep things simple. You get clear guidance, support through every stage, and access to a wide range of lenders so you can make informed decisions from the start.

Support for First Home Buyers in Tassie

There are several government schemes and grants that may help eligible first home buyers in Tasmania reduce upfront costs or enter the market sooner.

Here is a quick overview:

First Home Owner Grant

A one off payment for eligible buyers purchasing or building a new home in Tasmania. This can help reduce the initial cost of getting into the market.

Stamp Duty Concessions

Eligible first home buyers in Tasmania may receive concessions or exemptions on transfer duty, depending on the property and price.

Low Deposit Options

Some buyers may be able to purchase with a smaller deposit, depending on lender criteria and eligibility for government support schemes.

We explain what you may be eligible for and how these options can be applied to your situation.

Find the Right Loan for Your First Home

Every first home buyer is different. Your income, savings, job stability and future plans all play a role in what you can borrow and which loan may be suitable.

We assist with:

  • Understanding your borrowing power

  • Comparing loan options across 70 plus lenders

  • Structuring your loan to suit your budget

  • Explaining repayments, fees and features clearly

  • Managing the application from start to settlement

Our role is to guide you through the process and present suitable options in line with responsible lending obligations.

Local Knowledge with Ongoing Support

Based in Howrah 7018, we work with first home buyers across Hobart, Clarence, Kingston, Rosny, Bellerive and throughout Tasmania. We also support clients Australia wide using secure digital systems.

From your first enquiry through to settlement and beyond, your dedicated loan concierge keeps things moving and ensures you always know what is happening next.

Wondering how much you can borrow?

If you are thinking about buying your first home, the best place to start is understanding your options.

Speak with our team today or use our calculators to explore your borrowing power and repayments.

Calculate borrowing power

Find the right program for you

The Australian Government is making home ownership more achievable for more people with new and expanded programs that make it easier to get started. There are three programs designed for first-time home buyers, people re-entering the market, and aspiring homeowners across Australia. Use our first home buyers grant and scheme finder to match the right one to your situation in under a minute.
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✨ We've Unlocked:
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Join 1,000+ Aussies who claimed these benefits

Join 1,000+ Aussies who claimed these benefits!
Drop your details below to access your savings, full borrowing power report and connect with expert advice 👇

Your Path to Home Ownership

💰 Your Financial Position

Calculation Method
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Estimated Annual Income
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Update to Your Actual Income

Enter your actual annual household income (before tax) for more accurate calculations.

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Assessment Rate (Buffer)
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🏠 Your Buying Options

🏆 BEST MATCH: 5% Deposit with Home Guarantee Scheme

SAVE ~$15K
🏠 Property Price You Could Afford
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Minimum Deposit (5%)
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Your Available Savings
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✅ Buffer remaining
Loan Amount (95%)
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Govt Guaranteed
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30 years
🎁 PLUS Government Grants:
Lenders Mortgage Insurance: $0 (Waived!)
First Home Owner Grant: +$0
Stamp Duty Saving: $0
YOUR TOTAL BUYING POWER: $0
✨ Why This Option Is A Good Match:
  • Buy now instead of saving for years
  • Save ~$15,000 in LMI fees
  • No income caps, no waitlist
  • Government backing gives lenders confidence

Option B: 10% Deposit

Property Price

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Required Deposit (10%)

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Loan Amount

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LMI (added to loan)

~$0

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FHOG

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About this option: With a 10% deposit, you'll need to pay Lenders Mortgage Insurance (LMI), which adds to your loan. You'll use most or all of your savings, leaving little emergency buffer.

Option C: Traditional 20% Deposit

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Required Deposit (20%)

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⏰ Time to save additional amount:

About this option: The traditional 20% deposit avoids LMI but requires significant additional savings. Consider the 5% HGS option to buy now instead of waiting years.
🎁 Government Support You Could Qualify For
Home Guarantee Scheme
Save LMI
~$15,000
First Home Owner Grant
Cash Grant
$10,000
Stamp Duty Concession
Saving
$22,000
TOTAL GOVERNMENT SUPPORT
~$47,000
💡 Want to Save Even More?

First Home Super Saver Scheme (FHSS)

The FHSS lets you save for your deposit INSIDE your super fund with TAX ADVANTAGES. Combine this with your current savings to increase your buying power even more!

📊 How It Works:

  • Save up to $15,000/year in voluntary super contributions
  • Maximum $50,000 total across all years
  • Withdraw to use as home deposit
  • Get back 85% of pre-tax + 100% of after-tax contributions
  • Plus earnings calculated by ATO

💰 Example Scenario:

✅ Benefits:
  • Can be combined with 5% Deposit Scheme
  • Can be combined with FHOG & stamp duty concessions
  • Tax-effective way to save faster
📋 About the Schemes

Home Guarantee Scheme (5% Deposit)

How it works: The Australian Government provides a guarantee to approved lenders, allowing first home buyers to purchase with just 5% deposit (or 2% for single parents) without paying Lenders Mortgage Insurance.

Eligibility:

  • Australian citizen or permanent resident, 18+ years old
  • First home buyer OR haven't owned property in 10 years
  • Property price below location-specific caps
  • Owner-occupier home (no investment properties)
  • No income caps
  • Unlimited spots, no waitlist

Property Price Caps (Your State):

More info: firsthomebuyers.gov.au

Important Disclaimer: This calculator provides estimates only and should not be considered financial advice. Actual borrowing capacity, grants, and stamp duty will depend on your individual circumstances, lender assessment criteria, current government policies, and property specifics. Interest rates are indicative. Home Guarantee Scheme eligibility and property price caps are subject to change. LMI estimates are approximate. Always consult with a licensed mortgage broker or financial advisor, and verify current grant eligibility with your state revenue office and Housing Australia. Calculations assume: 30-year loan term, principal and interest repayments, owner-occupied property, and standard lending criteria. Grant amounts, stamp duty concessions, and scheme details are current as of November 2025 but may change.

Tasmanian First Home Programs, Grants & Schemes

Buying your first home in Tasmania has become more accessible, with a range of government grants and schemes designed to help first home buyers get into the property market sooner.

MyHome

MyHome is the Tasmanian Government’s shared equity program that helps Tasmanians purchase their own home sooner.

  • Up to a maximum of $300,000 or 40 per cent of new homes or house and land packages purchase price.
  • Up to a maximum of $150,000 or 30 per cent of existing homes purchase price.
  • Existing home property price cap of $750,000.

Australian Government 5% Deposit Scheme

Eligible first home buyers may be able to purchase a property with a low deposit without paying lenders mortgage insurance.

  • Buy with as little as 5% deposit

  • The government guarantees part of the loan to avoid lender mortgage insurance

  • Income caps and property price limits apply

First Home Super Saver Scheme (FHSSS)

Allows eligible buyers to save for a home deposit using their super, with potential tax advantages.

  • Make voluntary super contributions to build your deposit faster

  • Benefit from concessional tax treatment on contributions

  • Withdraw eligible contributions and earnings to put towards your first home

Help to Buy Scheme

A shared equity scheme where the government contributes towards the purchase price to reduce your loan size.

  • Government may contribute up to 40 percent for new homes or 30 percent for existing homes

  • Buy with as low as a 2% deposit

  • Income limits, property price caps and eligibility criteria apply

From the First Home Owner Grant for eligible new homes to stamp duty concessions and low deposit options, there are real opportunities to reduce upfront costs and improve your borrowing position. For first home buyers in Hobart and across Tasmania, understanding how these grants and schemes apply can make a significant difference when planning your purchase and securing the right home loan.
For full details, eligibility and current limits, users should still be directed to https://www.firsthome.gov.au/

Let's work together

Our commitment to excellence means we take the time to understand your unique situation, ensuring the financial solution we provide is the perfect fit for you. Whether you’re buying your dream home or securing funding for your business, we’re here to make the process smooth and stress-free.

Ready to take the next step? Book a discovery call today, and let’s find the right financial solution for you.

What our clients say

We’re proud to be recommended Australia-wide, rated 5/5 stars from 15 Google reviews (and counting).

Contact

LET'S TALK: 1300 137 542 Send us a message

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ABN: 76 627 416 835
Privacy & Credit Guide

Connect

Shea Siddall (CRN 553374) is authorised as a Credit Representative under Australian Credit Licence 384704 and trades under Collective Retail Fitness Group Pty Ltd (ABN 76 627 416 835) trading as Slice Finance. Credit is subject to approval and eligibility criteria. General information only.