City of Cockburn, PO Box 1215, Bibra Lake DC, Western Australia, 6965
Telephone: (08) 9411 3444

For purchasers and renters of Affordable Housing

The following information is provided as a resource for individuals to be better informed on programs and opportunities regarding affordable housing opportunities.

Keystart Home Loans

Keystart Home Loans (Keystart) is a lending institution backed by the Western Australian Government which provides home loans for income eligible clients unable to access finance through other lending institutions. To date over 80,000 households have accessed finance through Keystart.

Unlike other lenders, Keystart does not require mortgage lenders insurance and typically requires a deposit of 2% of a property's toal cost. Keystart's mortgage packages are restricted to owner-occupied housing.

  • For more information on the loan products available from Keystart please visit their website here .

Keystart Shared Start (share equity home loan)

Keystart's SharedStart Home Loan is a shared ownership scheme available for home owners purchasing new homes from the Department of Housing under the SharedStart program. Under this program, home owners typically purchase 70-80% of the equity of the property through Keystart, with the remaining 20-30% equity in the property retained by the Department of Housing.

The scheme enable households to enter home ownership without requiring finance for the full value of a property, enabling the outstanding equity to be purchased at a later date (typically within 5-10 years).

  • For more information on SharedStart Home Loan see here .

 For more information on SharedStart Home Ownership, including eligibility criteria and the available properties, please visit the Department of Housing website here .

National Rental Affordability Scheme

The National Rental Affordibility Scheme (NRAS) is a joint initiative by the Commonwealth and State Government to increase the supply of affordable rental opportunities. Financial incentives are provided to successful proponents (both private sector and community housing providers) who provide rental housing at a discount of at least 20% compared to the prevailing market rent. In total, 7,000 affordable housing opportunities will be created in Western Australia.

Eligibility for the scheme depends on household composition. Income eligibility requirements can be found on the Department of Social Services website here

Available rental properties under NRAS can be found at via this Reiwa web link (Search for NRAS)

Bond Assistance Loan Scheme

The Bond Assistance Loan Scheme is available from the Department of Housing to provide households with an interest-free loan to pay the bond and 2 weeks rent on rentals in the private market.

For more information on income limits and elibility requirements, please visit the Departments website here .