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Shared Equity Scheme Update - With Western Australia's unprecedented housing market conditions, the First Start Scheme aims to make the dream of home ownership more attainable for up to 3,000 West Australian households, over the next three years.

Under this shared-equity scheme, eligible first homebuyers may be able to purchase or construct a home up to $375,000 in conjunction with Keystart and the Department of Housing and Works.

Depending on your assessable income and household size, the Department of Housing and Works will co-own up to 40 percent (conditions apply) of a property with you. Later when you can afford to, you can purchase all or part of the Department's share.

Home purchases by First Start participants are also exempt from Stamp Duty duty saving families around $8,000 on the purchase of a $350,000 home.

Income Limits for First Start applicants have been increased. Please refer to the brochure and the copy of the Media Release below for full details.

To register your interest in the First Start Scheme contact Keystart on 1300 578 278.
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Keystart Benefits
  • Low deposit loans
  • No savings needed*
  • Attractive interest rates
  • No monthly fees
  • Fee assistance*
  • No Mortgage Insurance costs
  • Unique income assessment - we consider some income that banks don't
  • Redraws and increased loans available to existing borrowers for any worthwhile purpose.*
* Conditions apply
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