New Keystart Threshold

| 1 July, 2019 |

Beautiful young couple in love at home after getting help from Keystart

At Move Homes in conjunction with Keystart we can get you moving into your new home sooner than you think!

Keystart has provided financial support to over 100,000 West Australians in the last 30 years on their home ownership journey.

Thanks to the Reserve Bank’s decrease in the official cash rate, the four major banks have dropped their standard variable home loan rates. Keystart’s interest rate policy is to use the average of the standard variable home loan rate based from the big 4 banks, so from 1^st July 2019 the rate will drop from 5.34% to 5.15%!

[Edit: From the 23rd July the rate will be further reduced to 4.94%. The income threshold deadline has been extended to 30 June 2021.]

Now that your borrowing capacity may have just increased, this means is that you can get into your brand-new Move Home even faster than you imaged! Get ready to build the home of your dreams.

But wait, there’s more good news! Keystart’s income limits have been increased, which will be in effect from 1^st July 2019 till 31^st December 2019. The new income limits for singles and couples is an additional $15,000 and an extra $20,000 for families. This means if you missed the cutoff before, you could now be eligible! We’ve included a helpful table courtesy of Keystart noting all the increased changes.