Build a Home with Keystart

Building a home from scratch is definitely more expensive than buying one, but it will serve your investment well longer than an existing home. To help you realise this dream without breaking the bank, you can take advantage of low-impact loans like Keystart. Its slightly-high interest rate is offset by the absence of most additional fees.

Established in 1989, Keystart catered to Western Australians who couldn’t afford a loan due to the stringent deposit requirements. The market requires a deposit between 5 and 20 percent of the home’s value. They often come with lenders mortgage insurance (LMI) unless you have a deposit of more than 20 percent.

Keystart only requires 2 percent for all their metro home loans (plus 1 percent genuine savings for Keystart loans). There’s no LMI, saving borrowers up to $10,000, and loan keeping fees.

Keystart has six metro home loan products. Keystart loans are the default for first and existing homebuyers. The other five are:

  • SharedStart – shared equity scheme for first and existing homebuyers

  • Goodstart – for tenants of national housing projects

  • Aboriginal – for aborigines and Torres Strait Islanders

  • Disability – for people with disabilities or people caring for disabled members of the family

  • Sole Parent – for divorced or widowed individuals


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