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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.
October is National Safe Work Month, which is an important time for both employers and workers to focus on, and commit to, promoting safe and healthy workplaces, according to the Housing Industry Association (HIA) Chief Executive – Industry & Policy Simon Croft.
The latest figures from the Australian Bureau of Statistics (ABS) show that while new home building approvals in the ACT have lifted slightly in 2025, the pace of growth remains far too slow to meet the territory’s housing needs.
HIA have been lobbying for changes to streamline the process which will allow certifiers to issue Certificates of Occupancy (CoO).
“The positive impact of a decline in the cash rate hasn’t been sufficient to drive a genuine recovery in home building,” stated HIA Senior Economist Tom Devitt.