WA unveils new low-cost home loan for urban apartments
The new Keystart home loan is expected to support urban infill goals and boost homeownership in the state.
The state government of Western Australia is rolling out a new low-cost loan option for homebuyers in the state looking to purchase or build apartments in urban areas.
The Urban Connect Home Loan under the state-backed lender Keystart can be used to purchase apartments in medium and high-density development with two or more bedrooms and are close to METRONET precincts and transport hubs in urban locations.
Borrowers who are getting an off-the-plan, new, or established apartment in a complex of two storeys or more can apply for the limited 300 slots under the two-year pilot of the loan.