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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.
A beautifully executed renovation and two-storey extension of a 1900s period home in Wangaratta has been named HIA Northern Victoria Home of the Year at the 2025 HIA Northern Victoria Regional Housing Awards, held in Yarrawonga on Friday night.
“The expansion of the Home Guarantee Scheme announced by the Minister for Housing, Clare O’Neil MP, to take effect from 1 October 2025, will reduce the time to save a deposit by up to four years,” stated HIA Senior Economist Tom Devitt.
“Harnessing artificial intelligence to drive a once in a generation overhaul of planning systems across the country could be the circuit breaker Australia needs to deliver 1.2 million homes over next 5 years” said Sam Heckel HIA Executive Director, Planning & Environment.
The Housing Industry Association (HIA) is pleased to announce Structerre Consulting as the headline partner of the 2025 HIA Western Australian Housing and Kitchen and Bathroom Awards.