Opening Doors’ Shared Home Ownership initiative helps to reduce the cost of home ownership for Western Australians who may not have access to mainstream lenders.
Under this unique initiative, the State Government (through the Department of Communities) acts as a silent partner, co-owning the home with you.
We fund up to 30%* of the purchase price, which means you only need a loan for the remaining share, so your mortgage repayments will be lower.
Visit our Shared Home Ownership page to find out more.
Keystart’s Low Deposit Home Loan
An initiative of the Western Australian Government, Keystart was established in 1989 to provide low-deposit home loans to Western Australians unable to meet the deposit requirements of mainstream lenders.
To date, Keystart has helped more than 118,000 WA households realise their home ownership dream.
For a limited time, Keystart’s Low Deposit Home Loan income limits have been increased to $105,000 for singles, $130,000 couples, and $155,000 for familiesˆ.
This means you could own a home of your own with a deposit of just $2,000 or 2% of your property value, whichever is greater.
There’s no lender's mortgage insurance to worry about, and loans are available to first and subsequent home buyers, with no saving history required.
This loan is available for homes valued at up to $480,000ˆ, including a broad range of eligible properties available through Opening Doors.
Visit Keystart's website for more information.
First Home Owner Grant
The First Home Owner Grant (FHOG) is a one-off payment to encourage and assist first home buyers to buy or build new home to live in.
All brand-new Opening Doors properties priced below $750,000 are eligible for the $10,000 grant.
For more information on the FHOG, visit the Department of Finance’s website.
First Home Owner Rate of Duty (Stamp Duty concession)
Eligible first home buyers will pay no Stamp Duty on Opening Doors properties priced below $430,000 and a reduced rate of Stamp Duty on properties priced between $430,000 and $530,000.
For more information on Stamp Duty concession, visit the Department of Finance’s website.