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The WA Government can contribute up to $250,000 towards your first home. See how shared equity works, who qualifies, and which Easystart homes fit under the cap.
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Buy with a 2% deposit and let the WA Housing Authority contribute a share of the purchase price. You live in it, you own it, and you pay nothing on their share while you’re there.
Shared equity splits the cost of your home between you and the WA Housing Authority. You put in a deposit, Keystart provides your home loan, and the Housing Authority contributes a percentage of the purchase price in exchange for a share in the property.
A smaller deposit, a smaller loan and smaller repayments, on the same house you were looking at anyway.
The scheme is called Urban Connect Shared Equity. The State Government launched it in October 2025 with $210 million behind it and 1,000 loans available. When they’re gone, they’re gone.
| Your deposit | From 2% of the purchase price |
| WA Housing Authority contribution | Between 5% and 35% of the purchase price, up to $250,000 |
| Your Keystart home loan | The rest |
Think of the Housing Authority as a silent partner. Your name goes on the title alongside theirs, the home is yours to live in, and there are no property inspections, no rent and no interest on their share.
To apply for Urban Connect Shared Equity, you’ll need to:
You can apply on your own or jointly with one other person. Different income limits apply in regional WA, the Kimberley and the Pilbara, so if you’re building outside the metro area, have a chat to us first.
Shared equity can often be used alongside the First Home Owner Grant and stamp duty concessions, so first home buyers may be able to stack all three. Our finance team will work out exactly what you’re entitled to.
We've put the whole scheme into one short, plain-English guide. What the Housing Authority contributes, what happens if you sell, what happens if your home goes up in value, and the costs nobody mentions until settlement week.
Pop your details in and it'll land in your inbox.
Own it from $813* per week
From $760,050
Lot 269 Corams Road, Baldivis
Own it from $818* per week
From $764,650
Lot 1556 Bunes Lane, Madora Bay
Own it from $825* per week
From $771,650
Lot 531 Wattledale Road, Haynes
Own it from $848* per week
From $792,950
Lot 391 Illyarrie Rise, Sinagra
*T&C’s apply.
We’ve spent years getting West Australians into homes that other builders and other lenders said were out of reach. Shared equity is another route to the same place.
In-house finance
Our team at Westgate handles Keystart applications every week. They know what the lender wants to see and how to present it.
We check the fine print first
Land size, title type, purchase price. We confirm your package fits the scheme before you sign anything.
$2,000 to get started
Sign a Preliminary Preparations Agreement and you’re underway. A land deposit follows to secure your block.
Payments capped during construction
Keystart caps your construction repayments at $100 a week while your home is being built, so you’re not covering rent and a full mortgage at the same time.
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Shared Equity Home Loans
Shared equity can help you buy a home with a smaller deposit and home loan. You contribute part of the purchase price, Keystart provides your home loan, and the WA Housing Authority contributes a percentage of the purchase price in exchange for a share in the property.
You need a minimum deposit of 2% of the home’s purchase price. You’ll also need to allow for other costs associated with buying your home.
The WA Housing Authority can contribute between 5% and 35% of the purchase price, up to a maximum contribution of $250,000.
No. While you’re living in the home, you don’t make monthly repayments, pay rent or pay interest to the WA Housing Authority on its shared equity portion. You still make your regular home loan repayments to Keystart.
Yes. Your name will be on the property title alongside the WA Housing Authority, and the home is yours to live in as your principal place of residence. The WA Housing Authority retains a financial share in the property.
Yes. You can voluntarily buy back some or all of the WA Housing Authority’s share over time. Partial repayments must be at least 5% of your home’s value, and each repayment increases your ownership share.
If you sell, the WA Housing Authority receives its proportional share of the property’s value at that time. This means its share can increase or decrease depending on how the value of your home changes.
The WA Housing Authority shares proportionally in any increase or decrease in the property’s value. When you sell the home or buy out its share, the amount it receives is based on the value of that share at the time.
You can apply on your own or jointly with one other person, provided you both meet the eligibility requirements. The current annual taxable income limits are $128,000 for individual applicants and $197,000 for single parents and joint applicants.
The scheme is available to both Australian citizens and permanent residents, subject to the other eligibility requirements.
No. You cannot currently own property in Australia or overseas when applying for the scheme.
No. The home must be your principal place of residence while you are part of the shared equity scheme. Investment properties are not eligible.
Eligible properties include newly built or off-the-plan apartments, townhouses, villas or units. New builds on green title land may also qualify, with land-size limits of up to 300m² in Perth metro and 500m² in regional WA. New builds on survey strata land have no stated land-size restriction. Our team will check your package against these rules for you.
Yes. The current maximum property purchase price is $800,000.
Potentially, yes. The scheme can be used alongside eligible stamp duty concessions, the First Home Owner Grant and other exemptions. Your individual eligibility will still need to be confirmed.
You’ll need to allow for costs that aren’t covered by Keystart or the WA Housing Authority, such as applicable stamp duty, legal and conveyancing fees, inspections and valuations, mortgage registration, application fees, settlement fees and building insurance.
