AU Australia property term
Keystart Shared Ownership Home Loan
Western Australia
Plain-English definition
A WA shared-ownership product in which the eligible buyer owns a share and the Housing Authority holds the remaining share as co-owner.
Why this matters to a foreign buyer
Eligibility is aimed at qualifying owner-occupiers and generally requires Australian citizenship or permanent residency. Check whether the product is fixed or flexible because refinancing, buying more shares and resale rights differ.
The Keystart Shared Ownership Home Loan is a specific Western Australian shared-equity product in which an eligible buyer owns part of the home and the Housing Authority holds the remaining share.
How the co-ownership structure works
The buyer finances and owns a stated share, reducing the loan required at purchase. The Housing Authority’s share remains an interest in the property and must be addressed when equity is purchased, the loan is refinanced or the home is sold.
Eligibility matters
The product is intended for qualifying owner-occupiers and has citizenship or residency, income, property, location and other conditions. Current Keystart criteria should be checked before relying on the product in a purchase budget.
Read the exit rules
Understand whether the product is fixed or flexible, how valuations are obtained, whether more shares can be purchased, and how proceeds are divided on sale. These details distinguish the product from the general concept of shared equity.
Frequently asked questions
Is Keystart shared ownership the same as Help to Buy?
No. They are separate programs with different providers, eligibility rules and scheme documents.
Can an investment property use this loan?
The product is designed for eligible owner-occupiers, not an ordinary investment-property purchase.
For step-by-step Perth and WA guides, visit Property Learning Hub.