Keystart income limits extended
As part of Keystart’s mission to help Western Australians wanting to enter home ownership and support the residential construction industry to encourage economic activity, Keystart is pleased to announce we are extending the higher income limits for our standard Low Deposit Home Loan until June 2022.
Income limits extended
Keystart's temporary changes to income limits for borrowers, which increased by $15,000 for singles and couples and by $20,000 for families, was to end on 30 June 2021 but will now be extended to 30 June 2022. The income limits will revert to previous levels on 1 July 2022.
With around three-quarters of Keystart loan approvals for the construction of a new dwelling, these changes are also expected to boost activity in housing construction and stimulate the building industry. Over the last financial year, we have supported nearly 4,000 eligible Western Australians into affordable home ownership.
Increased limits now extended to 30 June 2022
| Region | New income limits | Property purchase price cap |
Metropolitan area | $105,000 (Singles) $130,000 (Couples) $155,000 (Families) | $480,000 |
| Regional Areas (excluding Kimberley & Pilbara | $125,000 (Singles) $150,000 (Couples) $155,000 (Families) | $500,000 |
| Kimberley | $135,000 (Singles) $165,000 (Couples) $170,000 (Families) | $650,000 |
| Pilbara | $165,000 (Singles) $195,000 (Couples) $200,000 (Families) | $650,000 |
