Last updated 14 November 2026 · Reviewed by Riyadh Financial Services Compliance
At a glance
- The State Revenue Office of Tasmania charges property transfer duty (previously stamp duty) and runs Tasmania's First Home Owner Grant.
- Several Tasmanian duty concessions have closed, among them the relief that was once offered to first home buyers on established homes, so check what's open now.
- Foreign persons may pay the foreign investor duty surcharge on residential property.
- Thinking of building? See Islamic construction finance.
Can you get an Islamic home loan in Hobart?
Yes. Searches for an "Islamic home loan" in Hobart are usually looking for home finance like ours: Ijaar home finance, which is Ijarah, a lease that ends in ownership, with no interest. You can use it for a home to live in or an investment property in Tasmania, and every application is assessed against credit criteria.
What should you know when buying a home in Tasmania?
- Who pays duty, and when.Property transfer duty is charged by the Tasmanian Government when you acquire dutiable property, such as by buying a home. It's paid by the purchaser within a set time after the transaction, which is usually counted from settlement.
- Check which concessions are open. The State Revenue Office lists its concessions and exemptions and marks those no longer available, such as some first home buyer and off-the-plan concessions. Don't rely on a concession a friend received.
- Foreign investor duty surcharge. The foreign investor duty surcharge is additional duty when a foreign person acquires residential or primary production property, which can include vacant land. A separate foreign investor land tax surcharge also exists.
How does the First Home Owner Grant work in Tasmania?
Tasmania's First Home Owner Grant is for eligible people who buy or build a new home in Tasmania, meaning nobody has lived in it or bought it as a home before. Kit homes can count too. According to the State Revenue Office:
- every person on the title needs to be an applicant, applicants have to be individuals rather than companies or trusts, and at least one of them needs Australian citizenship or permanent residency;
- you'll need to move in and keep the home as your principal place of residence, without a break, for the required time;
- if your financial institution is an approved agent, it submits your application for you; otherwise you apply through the State Revenue Office's online portal;
- a solicitor or licensed conveyancer can arrange for the grant to be paid as part of your settlement funds where it isn't paid through an approved agent.
If you're eligible, the First Home Owner Grant can be applied for as part of your finance application on selected Ijaar home finance.
How does Ijaar home finance work?
The financier appoints you as its agent (wakeel, under a Wakalah agency agreement) to buy the property on its behalf. You're the registered owner on the title from settlement; the financier holds a registered mortgage and a beneficial interest (an ownership share), which passes to you when all payments are made. Your payments are Principal and Rental, or Rental Only for a limited period, at a variable rental rate or, on selected Ijaar home finance, one fixed for a period.
Who can apply in Tasmania?
Australian and New Zealand citizens and Australian permanent residents who are 18 years and over can apply, as individuals, companies or trusts. Selected Ijaar home finance also accepts some temporary visa holders living in Australia, and some Australians, New Zealanders and Australian visa holders living overseas. We don't offer finance to non-residents.
How do you get Islamic home finance in Hobart, step by step?
- Talk to a broker about your plans. If you don't have a broker, contact us and we can refer you to an accredited broker.
- Check the State Revenue Office's current concessions and grant rules with your solicitor or conveyancer.
- Your broker lodges your application, and the financier assesses it against credit criteria.
- At settlement, you become the registered owner on the title.
How can Riyadh Financial Services help in Tasmania?
Riyadh Financial Services arranges Shariah-compliant property finance through accredited mortgage brokers, who must act in your best interests under Australian credit law (the best interests duty). Accredited brokers work across Tasmania, in person or online. If you don't have a broker, contact us and we can refer you to an accredited broker.
Our product structures are reviewed by our independent Shariah adviser. Ask us for the current Shariah certificate and what it covers. We don't give religious rulings, and you're welcome to seek your own scholar's view.
Keep reading:Ijaar home finance · Islamic home finance for first home buyers · Refinance to Islamic home finance
Islamic home finance in other states:New South Wales · Victoria · Queensland · Western Australia · South Australia · ACT · All state guides