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2019-12-11 News & Updates
Author: Satterley Property Group

How Keystart changes can help you buy your Ocean Hill home

Buying your new home in Ocean Hill Lakelands is easier than ever before, thanks to changes in Keystart lending. The State Government who manages the eligibility criteria for first homebuyers seeking lending through the scheme has relaxed the requirements, meaning more homebuyers than ever before can get their foot on the property ladder. 

Keystart provides low deposit home loans with no lenders mortgage insurance to new home buyers across Western Australia. Lower income earners may have trouble achieving finance approval on a new home loan; however, Keystart provides home buyers an affordable way to enter the property market, with the option to refinance your home loan at any time.

Changes seen in the second quarter of 2019 in the State Budget have seen the income threshold increased by $15,000 for singles and $20,000 for couples and families. Singles can now earn up to $105,000, couples $130,000 and families $155,000 and buy a home up to the value of $480,000 in Perth, WA. This relaxed eligibility is for a limited time, until December 31 2019.

This is good news for first home buyers looking to purchase a home in Ocean Hill, Lakelands. With land from $110,000 and house and land packages from $243,849 buying your home at Ocean Hill is easy and affordable. With deposits as low as 2% and a helping hand from Keystart your new home dreams are within reach.

Financing your first home is one of the main hurdles purchasers have to overcome. With this exiting initiative available when purchasing property at Ocean Hill you can move in to your new home faster, without saving for months or years before buying your new home. 

To be eligible for a Keystart home loan, you must tick the following criteria. 

  • Be 18 years or over
  • Be an Australian Citizen or Permanent Resident
  • Intend to buy or build in Western Australia
  • Intent to live in the property
  • Not already own a home or land

Ready to get started on your new home journey? Use the Keystart home calculator to estimate how much you can borrow here. Then explore Ocean Hill’s land for sale or house and land packages for sale. There is so much happening in the thriving coastal community of Ocean Hill, Lakelands. It’s easy to see why so many first home buyers choose to call Ocean Hill home.

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