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{{propApi.successMessage}} {{region}} Change locationHIA endorses Keystart purchase price increase
HIA endorses Keystart purchase price increase
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HIA congratulates the McGowan Government on today's announcement to increase the Keystart property purchase price limits from $480,000 to $560,000.
HIA WA Executive Director Michael McGowan said the changes are an important step to ensure the Keystart purchase limits remain relevant and in step with the rising cost of construction that industry and consumers have incurred over the last two years.
“With a 40 percent rise in the cost of construction over the last two years the previous limits were making it challenging for home buyers to get into the market. The increase now allows consumers to access Keystart services to purchase homes up to $560,000, providing more options for homebuyers in the current market.
“While new home sales have slowed over the last six months, we know there is still a significant demand for new homes and making home ownership more achievable is vitally important for the development of our state.
“Keystart remains a critical part of the WA Housing market and this change will provide more West Australians with the opportunity to achieve home ownership,” said Mr McGowan.
For more information:
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The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.