Keystart

Keystart is an initiative of the West Australian Government, owned by the Department of Housing, set up to assist West Australians into affordable housing.

Keystart is about "Low Deposit" lending, we do not require the usual 5% deposit, as is the case with more traditional lenders.

You're about to join over 65,000 Western Australian households in becoming a proud homeowner, many of whom would not have been able to buy without the assistance of Keystart. That's how many Keystart has helped since it began in 1989. Along the way that has represented a total of over $6.8 billion in low deposit home loans. More than that, it has given Western Australians the opportunity to improve their lifestyle, establish themselves and their families and enjoy the benefits of the community in which they live.

Who can we assist?

Keystart is available to all West Australians purchasing an owner occupied property in Western Australia who meet our criteria.

We are not limited to First Homebuyers, Keystart can assist all homebuyers be it their second or subsequent home. All Keystart loans are for owner occupation.

We lend in all areas of Western Australia including the country regions.

See Your Keystart Loan for more details.

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GoodStart

The GoodStart shared equity scheme helps Department of Housing tenants and non-first homebuyers into home ownership. Since 1997, GoodStart has assisted over 1600 families to make the transition from renters to proud homeowners.

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Aboriginal Home Ownership

Since 1995 the Aboriginal Home Ownership Scheme has assisted hundreds of Aboriginal people and Torres Strait Islanders to enjoy the community benefits of home ownership. The Scheme is run by Aboriginal people for Aboriginal people. They have a unique understanding of the practical help and support that is required by Aboriginal customers.

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Access Home Loans

Access Home Loans were established on the basis that disabled people should not be disadvantaged when it comes to home ownership or home improvements. The scheme allows people on disability support and their carers who receive a pension to purchase a minimum 70% of the property with the Department of Housing and Works owning the remaining share.

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Restart Loan Scheme

Sometimes not everything goes to plan and this is where Restart can help. The scheme is aimed at helping borrowers from other lenders who run into difficulty making their repayments through unemployment or other unforseen circumstances. Rather than be faced with a mortgagee sale and the loss of their home, borrowers can refinance their home into a Restart loan for a period of up to 2 years until their financial position improves. After 2 years the loan reverts to a Keystart loan. Counselling is also provided along the way to provide practical advice and support as well as to help borrowers negotiate a suitable arrangement with their previous lending institution.

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Safety Net

The Safety Net Scheme will help you if your financial position worsens after your Keystart loan has been issued. It's all about helping people to get back on their feet by providing assistance to avoid the loss of their home. Even in a case where you might not ever be able to continue to make the same repayments prior to your circumstances changing, Safety Net might assist.

Click here to download a copy of the Keystart SafetyNet Brochure

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Better service, better communities

People who venture into home ownership not only take immense pride in their homes but they also value the community in which their family has chosen to live. Keystart supports this through a range of activities, initiatives and services.

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First Home Owners Scheme

Keystart participates in the First Home Owners Scheme and can assist you to take advantage of the $7000 home grant to first home buyers. For further information on the First Home Owners Grant, click here.

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Regional customers

Keystart loans and services extend far beyond the metropolitan area. In fact about 22% of Keystart loans are provided to people in regional areas. Customers and applicants can contact Keystart through direct 1800 or 1300 telephone numbers and Keystart accredited Mortgage Brokers are found in most major regional centres.

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