Homeshare is a Tasmanian Government affordable housing initiative provided by Bendigo and Adelaide Bank Limited and available exclusively through Tassie Home Loans.

HomeShare reduces the initial cost of buying a house and the monthly cost of owning it. The scheme opens the door to home ownership for those who have enough income to make the step, but need a helping hand.

Under HomeShare, you share the cost of buying your home with the Director of Housing. By sharing ownership with the Director you may be able to buy a house you otherwise could not afford.

Through HomeShare you will own at least 70 per cent of your home. The Director contributes up to 30 per cent and their share is capped at $100,000 for house and land packages.

Download Homeshare Booklet

Download Homeshare Fact Sheet

To be eligible for HomeShare you must:

  • have an income to meet the costs of purchasing and owning a home
  • be within one of the income limits in the table below
  • have no more than $100,000 in financial asset
  • be an Australian citizen or permanent resident, living in Tasmania
  • be an individual at least 18 years old (not a business or organisation)
  • have a minimum deposit of $3,000 or five per cent of the purchase price, whichever is the greater
  • not own or have an interest in any other real property (land)
  • not be an un-discharged bankrupt or discharged from bankruptcy within three years before the date of application
  • not owe any money to Housing Tasmania
  • not have received help under Streets Ahead or Home Ownership Assistance Program (HOAP) before
  • be able to pay legal and establishment fees

All HomeShare loans are funded by Bendigo and Adelaide Bank Limited. You must meet all the Bank's eligibility criteria including acceptable sources of income. You must make loan repayments and pay all costs including rates and insurance to maintain your home.

Call us on 1800 687 377 or visit the Homeshare website here to determine your eligibility for Homeshare and make your dream home a reality!

Income Limits

As at (June 2020)
HOUSEHOLD TYPE GROSS INCOME GROSS INCOME
LIMIT / LIMIT LIMIT / LIMIT
PER WEEK PER ANNUM
ADULTS CHILDREN $ $
2 0 1 829 95 119
2 1 2 196 114 180
2 2 2 562 133 242
2 3 2 929 152 304
2 4 3 294 171 271
ADULTS CHILDREN $ $
1 0 1 591 82 712
1 1 1 829 95 119
1 2 1 959 101 847
1 3 2 323 120 814
1 4 2 690 139 877

"I would like to thank Tassie Home Loans, in particular Jason Smyth for the excellent service during the purchase of our new home and the follow up calls to ensure we were completely satisfied with the package we received. Jason was able to negotiate with the Big 4 to provide us with rates that the Big 4 were not offering when applying to them directly. Well done Jason and Tassie Home Loans for extending real customer service that all others don’t. You have my recommendation!!!! If you want to save $$$$$ talk to Tassie Home Loans!"
- Darren & Linda Overall, Tassie Home Loans Customers