--- title: Mortgage Broker Hobart | Home Loans & Refinancing | GNT Finance description: GNT Finance compares lenders for Hobart buyers and relocators by phone and video. $700,000 guarantee cap and no duty on established first homes up to $750,000. url: https://gntfinance.com.au/mortgage-broker/hobart/ section: locations updated: 2026-09-01 author: Gorakh Timilsina, GNT Finance --- # Hobart Mortgage Broker **In short:** GNT Finance is a Melbourne-based mortgage broker serving Greater Hobart by phone, video and e-signature. We compare lenders for first home buyers, mainland relocators and investors, and apply Tasmania's rules: a $700,000 First Home Guarantee cap, no duty for first home buyers of established homes to $750,000, and a $10,000 grant for new builds. Nepali-speaking service is available. No cost to you in most cases. Hobart's housing boom in the late 2010s turned Australia's smallest capital into one of its least affordable relative to local incomes. Since then the market has settled, and the state's decision to give first home buyers a duty exemption on established homes, which are most of what is for sale, makes a real difference to the cash needed to buy. ## Hobart housing: what you are buying - **Glenorchy, Moonah and Claremont**: weatherboard and brick homes from the 1940s to 1960s in the northern suburbs, the most accessible entry point close to the city. - **Kingston and Blackmans Bay**: family homes and newer estates south of the city, popular with relocating families. - **Clarence, Howrah and Bellerive**: the eastern shore across the bridge, with water views and 1970s to 1990s houses. - **Brighton, Sorell and Old Beach**: the growth areas, where new estates offer house-and-land packages. - **Sandy Bay, Battery Point and New Town**: the premium suburbs, with heritage homes and the university precinct. - **Huon Valley and the Channel**: lifestyle blocks and orchard country for tree-changers. Hobart's older weatherboard stock is standard security, but condition matters at valuation, and a building inspection before going unconditional is sensible. Our [building and pest inspection](/legal/building-and-pest-inspection-rights/) page explains your rights. ## Schemes that matter in Hobart | Scheme | Rule (at the time of writing) | |---|---| | First Home Guarantee cap | $700,000 for Greater Hobart | | Duty, established home | Nil for eligible first home buyers up to $750,000 | | First Home Owner Grant | $10,000 for a new build | | Help to Buy | Federal shared equity; income caps $100,000 single, $160,000 couple | The $700,000 cap and the $750,000 duty threshold line up neatly for most Hobart houses. Read the [Tasmania page](/mortgage-broker/tasmania/) for the state rules and our [First Home Guarantee guide](/guides/first-home-guarantee-5-percent-deposit/) for the federal conditions. ## Worked example: a first home buyer in Kingston Say you buy a $650,000 established three-bedroom home in Kingston as your first home. - Duty: nil under Tasmania's first home buyer exemption, because the price is under $750,000. - Deposit under the First Home Guarantee: 5%, or $32,500. No LMI. - Loan: $617,500. For illustration, at 6.00% p.a. over 30 years the repayment is about $3,702 a month. Cash to complete is roughly $32,500 plus conveyancing, inspections and moving costs. The [upfront costs calculator](/calculators/upfront-costs/) itemises them, and the [stamp duty calculator](/calculators/stamp-duty/) shows what a buyer outside the exemption would pay. ## Who we help in Hobart - **Mainland relocators** from Melbourne and Sydney, selling a city home and buying in Hobart. A [bridging loan](/services/bridging-loans/) covers a purchase that settles before the sale. - **Households keeping a mainland home as a rental**, which we convert to an [investment property loan](/services/investment-property-loans/) while flagging the land tax change in the state you are leaving. - **University, hospital and Antarctic program staff**, including new arrivals on permanent residency. See [home loans for new migrants](/guides/home-loans-for-new-migrants/). - **The Nepali community**, which has grown in Hobart's northern suburbs, with the whole process available in Nepali. ## How we work with Hobart clients Everything is remote: a phone or video discovery call, secure document upload, lender comparison across the national panel, electronic identity verification and e-signed documents. Your Hobart conveyancer handles the contract and settlement. Tasmanian contracts are usually signed subject to finance and building inspection, and we coordinate the finance date with your conveyancer. ## Nearby areas Launceston and the Tamar Valley, Devonport and the North West coast, the East Coast, and the whole of [Tasmania](/mortgage-broker/tasmania/). See also [Australia-wide](/mortgage-broker-australia/). ## Frequently asked questions ### What is the First Home Guarantee cap in Hobart? $700,000 for Greater Hobart at the time of writing, and $550,000 for the rest of Tasmania. Since October 2025 there is no income test and unlimited places. You must be a citizen or permanent resident, 18 or over, buy as an owner-occupier and not have owned property in Australia in the last 10 years. Check the [eligibility calculator](/calculators/first-home-guarantee-eligibility/). ### Do Hobart first home buyers pay stamp duty on an established home? Not up to $750,000, at the time of writing, provided you meet the eligibility and occupation requirements. This is unusual: most states reserve their relief for new homes. Above $750,000 the standard Tasmanian scale applies. Confirm the current rules with the State Revenue Office of Tasmania before you rely on the exemption. ### Can I buy in Hobart before selling my Melbourne home? Yes. A bridging loan lets you settle the Hobart purchase before the Melbourne sale completes, with the sale proceeds then reducing the debt. Lenders want a realistic sale price and a clear exit. If you decide to keep the Melbourne home as a rental instead, we restructure it as an investment loan and explain the Victorian land tax consequence. ### Are older Hobart weatherboard homes a problem for lenders? No. Weatherboard and brick homes from the early and mid twentieth century are standard security for every lender on our panel. The practical issue is condition: a valuer who notes major deferred maintenance may value the home below the contract price, which reduces the loan. A building inspection before going unconditional protects you. ## Talk to GNT Finance Buying your first home in Glenorchy, relocating to Kingston, or investing in Hobart from Melbourne? We compare lenders, apply Tasmania's duty exemption and manage the loan by phone and video. [Book a free consultation](/contact/) or call 0426 403 703.