- Property price limits on Keystart loans increased, giving more Western Australians the opportunity for affordable housing
- Low-deposit home loans now available on properties purchased for up to $800,000
- Keystart's price limits continuously reviewed to meet the needs of the community
Western Australians will have a greater opportunity to purchase their own home from today, with the WA Government announcing a further increase to price limits on Keystart loans.
Effective today, property price limit on Keystart's low-deposit loans will increase from $730,000 to $800,000 across all of WA.
The new limit is in line with Perth's median house price, and delivers parity to price limits across the State.
The price limit for Keystart's existing shared equity loan will be increased from $615,000 to $660,000.
Property price limits for the Cook Government's $210 million shared equity expansion, which will provide 1,000 shared equity loans for new apartments and townhouses, will be confirmed later this year when the new product is introduced.
In December 2024, the WA Government reformed Keystart's product settings mechanism to allow property price limits to be reviewed on a regular basis against median property prices sourced from the Real Estate Institute of Western Australia (REIWA).
Those reforms ensure Keystart's property price limits better reflect current market conditions, helping to ensure more Western Australians can access low-deposit loans and purchase their own home.
For more information, visit keystart.com.au
As stated by Treasurer Rita Saffioti:
"Our government is absolutely focused on boosting the supply of affordable housing, and our reforms to Keystart mean we can now regularly update property price limits and give Western Australians more opportunity to buy their own home.
"Under our government, Keystart will play an even stronger role in making the dream of an affordable home a reality for more people, through our modular home loans, graduate and apprentice loans, and our $210 million shared equity expansion."
