Keystart has introduced a series of enhancements to make homeownership more accessible and affordable across WA by increasing their property price limits. With home loans designed especially for those who struggle to meet traditional deposit or income requirements, these adjusted price limits are in line with ongoing property price growth across Perth and Western Australia, building on previous changes announced in December, and ensure property price limits remain suitable for property market conditions. The changes support Keystart’s ongoing mission to help West Australians get into homes sooner through affordable, low-deposit loans – even as market pressures rise.
These changes are effective from 20 August 2025 and are applicable for all of Western Australia. There is no change to income limits.
Keystart Low Deposit Home Loan
region | new property price limit | income limit |
|---|---|---|
Metro & regional | $800,000 | Singles: $148,000 Couples and families: $218,000 |
Kimberley & Pilbara | $800,000 | Singles: $225,000 Couples and families: $285,000 |
Keystart Shared Ownership Loans
Region | new property price limit | income limit |
|---|---|---|
Metro & Regional | $660,000 | Singles: $123,000 Couples & families: $189,000 |
Current Loans offered by Keystart in Western Australia
Here’s a quick snapshot of the current loan types offered by Keystart in Western Australia:
1. Low Deposit Home Loan
- Enables you to buy an established home, build a new one, or construct a modular home with only a 2% deposit and no Lenders Mortgage Insurance (LMI).
- Ideal for both first-home and subsequent buyers – provided you don’t already own another property.
2. Shared Ownership Home Loan
- You co-own the property with WA’s Housing Authority, which may fund up to 30% of the purchase as a silent partner.
- Also requires only a 2% deposit with no LMI, and suits those who can’t afford full ownership upfront.
- Flexible Shared Ownership: You can buy more shares over time.
- Fixed Shared Ownership: Your share remains unchanged, and if you sell, it goes back to the Housing Authority.
3. Access Home Loan
- Tailored for people with a permanent disability or those caring for someone with a disability.
- Offers both full and shared ownership arrangements.
- Includes the standard 2% deposit and no LMI, with eligibility for FHOG and stamp duty concessions.
4. Low Deposit Modular Loan
- Launched mid-2025, specifically for building modular homes (pre-fabricated off-site).
- Covers the land, construction, transport, and foundations, with the usual 2% deposit and no LMI.
- Applicants may also be eligible for FHOG and stamp duty savings.
5. Urban Connect Plus Home Loan
- Designed for off-the-plan apartment purchases in inner-city areas close to transport hubs.
- Helps cover the developer deposit (usually around 10%) via a standalone personal loan.
- After construction, you shift to a regular Urban Connect Home Loan to complete the purchase.
6. Aboriginal Home Loan
- A dedicated loan for applicants of Aboriginal or Torres Strait Islander descent.
- Offers both full and shared ownership options.
- Features the standard 2% deposit or $2,000, whichever is higher, with no LMI.
Summary Table
| Loan Type | Deposit | LMI | Ownership | Key Features |
|---|---|---|---|---|
| Low Deposit Home Loan | 2% | No | Full ownership | Buy/build/modular options |
| Shared Ownership Home Loan | 2% | No | Co-ownership | Housing Authority covers up to 30% |
| Access Home Loan | 2% | No | Full / Shared | Disability-focused eligibility |
| Low Deposit Modular Loan | 2% | No | Full ownership | For modular home construction |
| Urban Connect Plus | N/A (loan) | N/A | Financing bridge | Covers deposit for off-the-plan inner-city apt. |
| Aboriginal Home Loan | 2% or $2k | No | Full / Shared | Tailored for Aboriginal & Torres Strait Islander |
Important Considerations for Keystart Loans
While deposit and LMI features are attractive, interest rates may be higher than mainstream lenders. Many borrowers are encouraged to refinance to another lender once they are able.
All Keystart loans are designed for owner-occupiers only—no investment properties or interest-only options are available.
Borrowers must be Western Australia residents, over 18, and cannot own another property at settlement.
Want to know which loan option suits your situation best – or whether you qualify for a Keystart loan? Let’s connect and explore your path to homeownership.
Give us a call on 0422271888 or apply now to find out if you qualify for a Keystart loan. We are one of Perth’s best mortgage brokers, here to make your home ownership journey feel easy – because life is stressful enough.
To read more about the changes to the Keystart property price limits, you can click the links below.
If you would like to learn more about how to refinance your Keystart loan down the track, click here.
Give us a call on 0422271888 or apply now to find out if you qualify for a keystart refinance.
*Please note this information is general. The terms and conditions of particular loans differ. Information is correct as at 1 September 2023 and is subject to change. Home Loan lending criteria, terms, conditions, fees, and charges may apply. Full details of terms & conditions available on application.
**Please note, we do not provide tax, legal or accounting advice. This content is for general informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. We encourage you to consult your own tax, legal and accounting advisers before engaging in any transaction.
