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First-Time Buyers Stuck by Stamp Duty Deadline
Description
First-time homebuyers in Tasmania are facing a financial cliff as the free stamp duty deadline looms — and many, like Heith Mineur, are caught in the crosshairs. Signed contracts months ago, settlement delays under the MyHome scheme could push them past June 30th, triggering a $25,000 stamp duty hit they didn’t budget for. While agents admit the scheme’s process remains painfully slow — often taking 120 days vs. 60 for standard homes — Premier Jeremy Rockliff has pledged to review Heith’s case for fairness. Mortgage brokers report widespread shock as buyers scramble to adjust, revealing how well-intentioned policies can backfire when timing and bureaucracy collide.
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