What are

Keystart Loans?

Keystart is a home loan initiative that aims to help make homeownership more accessible for all. It’s a low deposit, variable interest loan provided for eligible first home buyers in Western Australia.

Keystart began as a means to assist those who are ready to become a homeowner but are not yet financially capable. Among its many benefits include no genuine savings requirement, no lender’s mortgage insurance, and no monthly account keeping fees.

Since its inception, over 100,000 West Australians have taken out Keystart loans available for those building a new house or buying an established home. If the banks have said no to your home loan application, Keystart may be able to help you – even if you were previously bankrupt or with loan defaults.

This is your chance to enter the property market sooner. When obtaining finance through traditional lenders is not possible, Keystart may be YOUR key to becoming a homeowner.

Keystart Loans?
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Are you

Qualified for Keystart Finance?

Keystart home loans have made it easier to fulfil dreams of homeownership in Perth. Income limits were increased in 2019 and will remain extended to accommodate more applications. Don’t let this opportunity pass.

Keystart requirements?

Check below to see if you’re qualified for a Keystart home loan:

  • Are you an Australian citizen or permanent resident?
  • Are you 18 years of age or older?
  • Is this your first time buying a home or land?
  • Do you intend to purchase or build a house in Western Australia?
  • Do you plan to live in the property you will buy or build for the duration of your Keystart loan?
  • Do you have enough funds for other expenses, including home deposit and moving costs?
  • Do you meet the Keystart required income limits?

If your answers to the questions above are all “yes,” you may just be the next to enjoy a Keystart loan. Not sure if you’re qualified? Click the button below, and we’ll help you find out.

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Any Questions?

We have an amazing team ready to help speed up your search.
Let’s make your dream a reality!

Keystart Extended Income Limits

Better Home Ownership Opportunities for West Australians

Keystart has made changes in its lending conditions, primarily regarding the applicants’ income limits. In the previous years, numerous people could not access the loan because they did not meet income restrictions. If you’re among them, now is the best time to apply!

The income limits that you have to meet have been increased. This limit increase is temporary, so make sure you don’t let this chance pass. Here’s a look at this good news:



Now $105,000
(previously $90,000)



Now $130,000
(previously $115,000)



Now $155,000
(previously $135,000)

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Learn More with Our Keystart FAQs Below

How Can Keystart Help Me Get My Own Home?

Keystart is a Western Australian government initiative whose purpose is to help people like you who want to become a homeowner faster. It reduces entry costs, offers low deposit home loans, and does not require lender's mortgage insurance (LMI).

How Much Deposit is Needed for a Keystart Loan?

Keystart only requires a 2% deposit. In comparison, most other lenders ask for at least a 5% deposit, with some needing up to 20%. The current average home price in Perth is around $520,000. With Keystart, you only have to provide $10,400 compared to $25,000 and $100,000 for 5% and 20% deposit requirements, respectively.

Can You Give Me More Reasons to Choose Keystart Home Loans?

Aside from the 2% deposit requirement, you can save thousands more because Keystart does not involve Lenders Mortgage Insurance. Your loan will not cost you account keeping fees, and payments are lower during the construction period. If you are eligible for First Homebuyers Grant, you can even use 1% of it for your deposit, which means you only have to provide a 1% deposit.

How Do I Know If Keystart is For Me?

Keystart is for everyone! If you have not bought any land/home, never constructed one, and want to save on deposit, this home loan may be what you're looking for. Of course, you have to meet specific requirements, such as your income. If you're unsure, we urge you to speak to us. We'll be happy to help.

Are There Other Low-Deposit Options Available?

Yes! In fact, we're excited to tell you that there are plenty of low-deposit loans that may be suitable for your unique circumstance. Homeworx will work with you to help you find the best choice for your situation, so you can start living a new chapter in your life as a homeowner.

Am I Qualified for Keystart?

We have listed the requirements to qualify for Keystart home loans on this page. To reiterate, you need to be 18 years old or older, an Australian citizen or a permanent resident. You should also be living in WA, with an intent to remain living and thriving within the state. And yes, once again, check the income requirements. From there, you can figure out if you are eligible for this loan. If you need more assistance, don't hesitate to reach out to us!

What Should I Know about Income Requirements?

If you had any trouble applying for a Keystart loan in the past, you might find it easier now! That's because Keystart has increased the income limits, which means there will also be an increase in the number of applicants. Singles with $105,000 income or lower can now apply, as well as couples with a $130,000 income or less. For families, the maximum limit is now $155,000 from $135,000.

Are There Exclusions That I Should Be Aware Of?

Once your Keystart application has been approved, you cannot buy or build another home or land. That is until you have fully settled your Keystart loan. If you agree with this condition and meet the income and other requirements, let's get you started. Contact Homeworx today!

A Homeworx

Client’s Story

The Homeworx team has made this journey of building my first house a seamless one. I thought this was going to be such a stressful time but the expertise from Chris and everyone he has linked me to has been outstanding!

As a young bloke doing this by myself, he has made this as easy as possible and I’d happily recommend him to anyone looking for a professional and comfortable house building journey.

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Do You Qualify