Thousands more Western Australians will be able to achieve the dream of home ownership with the WA Government approving a $243.5 million increase in Keystart’s borrowing limit for 2021-22.
This increase brings Keystart’s total gross borrowing limit to $5.7 billion, and will enable Keystart to take on an estimated 2,100 new loans in 2021-2022.
The approval of these additional borrowings takes the total funding for Keystart to $2.4 billion since March 2017.
The temporary increase to Keystart’s income limits for borrowers, increased by $15,000 for singles and couples, and by $20,000 for families, will be reviewed in June 2021.
Keystart was established in 1989 and is nationally recognised as the most successful scheme of its kind. It has helped more than 110,000 Western Australians achieve the dream of home ownership since its inception.
Homebuyers are encouraged to visit Keystart’s website at https://www.keystart.com.au
Source: WA Government