Mortgage Business
WA confirms Keystart income limits for FY22 By Annie Kane 12 July 2021
The state government has confirmed that it will continue with its current income limits for the Keystart home loans scheme for another year.
Keystart, which launched in 1989 as an initiative of the WA state government to help lower-income families purchase affordable houses via low-deposit loans with no lender’s mortgage insurance (LMI), has confirmed that it will be using its current income limits for another year.
Last financial year, the state government increased income limits to enable more borrowers to access the loan scheme.
While these limits were originally scheduled to end on 30 June 2021, the McGowan government has now confirmed that they will remain in place for this financial year (ending 30 June 2022).
An Aboriginal homelessness prevention service which has helped stave off eviction for 344 vulnerable families in Western Australia will close at the end of this month if funding is not restored.