Shared Home Ownership

If you're tired of renting, or struggling to save a deposit, the Shared Home Ownership initiative is one way you may be able to afford to buy your own home. Shared Home Ownership allows you to share the purchase of a home with the Department of Communities, with a Shared Ownership Home Loan through Keystart, the WA Government's home loan lender.

What kind of home can you buy?

You can purchase newly-built homes and off-the-plan properties offered by the Department across metropolitan and regional areas. Available homes are listed on the Opening Doors website.

Some advantages of a Shared Home Ownership loan

  • The Department co-owns a share of your home, lowering your loan repayments
  • Low deposit of $2,000 or 2 per cent of the purchase price (whichever is greater) for first home buyers
  • Deposit of $2,000 or 2 per cent of the purchase price plus stamp duty and fees for non-first home buyers
  • No savings history required
  • No lender's mortgage insurance
  • No monthly account keeping fees
  • First home buyers can use the First Home Owner Grant towards the deposit and apply for a grant from the Home Buyers Assistance Account​ to assist with moving costs.

 Related Links

​Keystart's Australian Credit Licence: 381437