Shared loan vs full loan


We understand that the dream of home ownership can be challenging. The State Government’s Opening Doors initiative provides a range of affordable home ownership opportunities for all Western Australians, including:


Shared home ownership
is perfect if you don’t like sharing. Simply put, you share the mortgage with the State Government. This means the upfront costs of buying a property and the monthly loan repayments are significantly lower than if you bought the home on your own. The State Government can contribute up to 30 per cent towards the cost of your home, depending on your income and household size, for eligible applicants.

If you do not qualify for shared home ownership, you may be eligible for full home ownership. This is where you purchase 100 per cent of the home.

There are a range of affordable homes available across Perth to suit singles, couples and families, including one, two, three and four-bedroom homes.

So, here are the real differences between shared home ownership and full home ownership:

Shared Home Ownership

With shared home ownership the upfront costs of buying a property and the monthly loan repayments are lower with the State Government contributing up to 30 per cent towards your mortgage, for eligible applicants only.


Some of the benefits of shared home ownership include:

  • Shared, lower loan amount
  • Low deposit of $2,000 or 2% of the purchase price (whichever is greater)
  • No monthly account keeping fees
  • No saving history required
  • No lenders mortgage insurance
  • Later, when you can afford it, you may be able to purchase all or part of the Department’s share


Do you qualify for shared home ownership?

  • You ideally earn between $50,000 and $70,000 (for individuals) or less than $90,000 (for couples/families)
  • You’re over 18 years of age
  • You’re a permanent resident of WA
  • The property will be your primary residence. Conditions apply.


Loan provider options:

If you are interested in becoming a home owner through the Opening Doors shared home ownership initiative, you need to qualify for a SharedStart home loan offered by Keystart, the State Government’s lending provider. Full eligibility criteria is available from Keystart here.

Full Home Ownership

In brief, if you are not eligible for shared home ownership, the State Government has a range of  quality homes available for full sale in sought after locations.



Some of the benefits of full home ownership include:

  • You own 100 per cent of the home
  • You can select a loan through your preferred credit lender
  • You don’t have to be the home occupier






Do you qualify for full home ownership?

  • Check your eligibility with Keystart or your preferred lending provider 






Loan provider options:

With the Opening Doors full home ownership initiative, you are not required to obtain a home loan    through Keystart, and can instead choose a home loan provider that best suits your individual needs.  To browse Opening Doors’ properties for sale, click here.