Western Australians looking to enter the property market will now have access to higher loan limits under the State Government’s Keystart scheme. Treasurer Rita Saffioti has announced that from today the property price limit for Keystart’s low-deposit loans will rise from $730,000 to $800,000 across the State.
The change brings the cap into line with Perth’s median house price and sets a single limit for all of Western Australia. At the same time, the threshold for Keystart’s existing shared equity loan has been lifted from $615,000 to $660,000.
Ms Saffioti said the adjustments would help more people into home ownership in a tough market. “By raising Keystart’s property price limits we are making it easier for more Western Australians to access affordable housing and take the step into owning their own home,” she said. “This ensures that Keystart continues to meet the needs of the community by reflecting the current market conditions.”
The government is also preparing to expand its $210 million shared equity program, which will support 1,000 loans for new apartments and townhouses. Property price limits for that initiative will be confirmed later this year when the product launches.
In December 2024, the Cook Government overhauled the way Keystart reviews its price settings, tying them directly to median house price data published by the Real Estate Institute of Western Australia. The shift means Keystart limits will be reviewed more regularly to reflect market movements.
Ms Saffioti said the reforms were designed to give aspiring buyers confidence. “We know affordability remains a challenge, and Keystart’s flexible approach means more Western Australians can secure a low-deposit loan and purchase their own home,” she said.
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