The Western Australian Government is set to take bold steps to expand homeownership opportunities through a new modular home loan initiative via Keystart. As part of WA Labour’s housing strategy, this initiative is aimed at making modular and prefab homes more accessible to first-time buyers and low-income earners, helping to alleviate the state’s growing housing crisis.
A Big Win for Regional WA
Housing affordability continues to be a significant issue, especially in regional areas, where high construction costs and delays pose major challenges. Keystart’s upcoming modular home loan product will provide an alternative pathway for those struggling to secure finance through traditional lending options.
WA Premier Roger Cook emphasized the importance of modular housing in addressing these challenges:
“Modular and prefab homes provide a fast, efficient solution to the housing challenges we face. By introducing new financing options, we can help more Western Australians secure a home faster and more affordably.”
Making It Easier for Low-Income Earners
Keystart’s new initiative is specifically designed to make homeownership more attainable for low-income earners, who have historically faced barriers with traditional home loans. With lower deposit requirements and flexible lending criteria, the loan product will cater to first-home buyers and regional residents who may struggle with the stringent conditions of major banks. By offering more affordable options and reducing upfront costs, Keystart ensures that homeownership becomes a realistic goal for more Western Australians, alleviating some of the housing pressures in the state.
Why Modular Homes?
Modular homes are built off-site in a controlled environment before being transported and installed on location. This method offers several advantages:
- Faster build times – Reducing construction delays caused by weather or labour shortages.
- Cost-effective – More predictable pricing without unexpected blowouts.
- High-quality construction – Built to rigorous standards under constant supervision.
- Designed for WA conditions – Homes are tailored to withstand regional climates.
What to Expect from Keystart’s Modular Loan
While details are yet to be fully released, the Keystart modular home loan is expected to:
✅ Require a low deposit, making homeownership more attainable.
✅ Offer flexible lending criteria, ideal for first-home buyers and lower-income families.
✅ Provide a structured payment plan to align with modular construction milestones.
This initiative follows successful modular housing rollouts in other states, proving the model works for affordability and accessibility.
How Modular WA Can Help
At Modular WA, we welcome this move and are ready to assist potential homeowners in navigating their financing options. Our preferred brokers understand the modular lending process and can streamline your application, helping you move into your new home sooner.
📞 Call us on (08) 6454 0919 or reach out via our enquiry form to learn more about how we can help you take advantage of this exciting new initiative.
Stay tuned for updates as more details about Keystart’s modular home loan become available!
