Aboriginal Home Loan

Assist Aboriginal and Torres Strait Islander people into home ownership. For first home buyer and subsequent home buyer.

Shared Ownership
Deposit 2% deposit *
Genuine savings 0%
Term of Loan 30 years
Maximum property value  
Metro and Country $412,000
Northwest remote
(Kimberley region and north of 26th parallel)
$500,000
Maximum Housing Authority equity share Up to 40% or a maximum of $150,000
Maximum qualifying income  
Singles $60,000
Couples $70,000
Families $80,000
Maximum other debts My existing monthly debt repayments are less than 10% of my gross income
Lenders mortgage insurance Not required
Loan keeping fees $0
Additional repayments Yes
Loan increases To purchase additional Housing Authority shares
Redraw To purchase additional Housing Authority shares
Repayment frequency Monthly
Statement frequency 6 Monthly
Full Ownership
purchase outright without Housing Authority equity share

Income and Property Purchase Price Limits

Purchasing Income limit Property Purchase Price Caps
Metro Area $120,000 (Singles) $480,000
$120,000 (Couples)
$135,000 (Families)
Regional Areas (excluding Kimberley & Pilbara) $120,000 (Singles) $500,000
$135,000 (Couples)
$135,000 (Families)
Kimberley $120,000 (Singles) $600,000
$150,000 (Couples)
$150,000 (Families)
Pilbara $150,000 (Singles) $700,000
$180,000 (Couples)
$180,000 (Families)

Deposit and savings requirements

The amount you buy your home for The deposit required Genuine savings required
Up to $480,000 2% deposit * 0%
$480,001 - $500,000 2% deposit 0%
$500,001 - $600,000 7% deposit 2%
$600,001 - $700,000 8% deposit 3%
Term of loan 30 years
Maximum other debts My existing monthly debt repayments are less than 10% of my gross income
Lenders mortgage insurance Not required
Loan keeping fees 0%
Additional repayments Yes
Loan increases Yes
Redraw Yes
Repayment frequency Monthly
Statement frequency 6 monthly

* Higher of 2% or $2,000 is required.

Keystart Terms and Conditions, fees and charges and normal lending criteria apply. Rates and limits stated are subject to change without notice.