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We've increased our maximum income limits

Roisin Broderick, Content Specialist, Keystart

1 min

Keystart has increased the maximum income limits for our Low Deposit Home Loan for the second half of the 2019 calendar year. The income limits have increased by $15,000 for singles and couples and by $20,000 for families for first and subsequent homebuyers, effective 1 July 2019.

Why are we making these changes?

Keystart increased the income limits in support of the State Government’s policy to assist more Western Australians into home ownership. By expanding our eligibility criteria, the government estimates that around 11,000 additional households will qualify to apply for Keystart finance.

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.

Increased limits 

RegionCurrent income limitsNew income limitsProperty purchase price cap

Metropolitan area

$90,000 (Singles)

$115,000 (Couples)

$135,000 (Families)

$105,000 (Singles)

$130,000 (Couples)

$155,000 (Families)

Regional Areas (excluding Kimberley & Pilbara

$110,000 (Singles)

$135,000 (Couples)

$135,000 (Families)

$125,000 (Singles)

$150,000 (Couples)

$155,000 (Families)


$120,000 (Singles)

$150,000 (Couples)

$150,000 (Families)

$135,000 (Singles)

$165,000 (Couples)

$170,000 (Families)


$150,000 (Singles)

$180,000 (Couples)

$180,000 (Families)

$165,000 (Singles)

$195,000 (Couples)

$200,000 (Families)


When are the changes effective from?

The increased income limits will be available to all applicants who enter into sales contracts to purchase an established property or build a new home from 1 July 2019 until 31 December 2019. Keystart will accept applications using the higher income limits from 1 May 2019 to give consumers confidence they can begin their search for a home knowing what they may be eligible to borrow. The sales contract must settle after 1 July 2019. The income limits will then revert to the current levels from 1 January 2020.


View our Low Deposit Home Loan 

How much can I borrow? 

Why Keystart? 

Keystart recommends that you seek your own independent financial advice prior to making any decisions about your financial needs. Any examples given in this post are provided for illustrative purposes only.

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