❓ WA Parliamentary Question on Notice regarding Keystart loan performance (defaults, arrears, repossessions, and interest earned) for Oct-Dec 2019. The data shows a slight increase in defaults and arrears, a fluctuating number of repossessions, and relatively stable interest revenue.
AnsweredQoN 6086Legislative Assembly
QuestionView source ↗
(1) What is the number and percentage of Keystart clients with defaulted accounts for each month for October 2019, November 2019 and December 2019? (2) What is the number and percentage of Keystart clients with accounts over one month in arrears for each month for October 2019, November 2019 and December 2019? (3) What is the number of Keystart client homes repossessed for each month for October 2019, November 2019 and December 2019? (4) What is the amount of interest earned on Keystart loans for each month for October 2019, November 2019 and December 2019?
AnswerView source ↗
Answered
16 June 2020
Responded by
Minister for Housing
Response time
12 days
(1)
Keystart clients with defaulted accounts
Month
Number of loans
Percentage of total loans
October 2019
231
1.17%
November 2019
233
1.18%
December 2019
250
1.25%
(2)
Keystart clients with accounts over one month in arrears
Month
Number of loans
Percentage of total loans
October 2019
437
2.22%
November 2019
447
2.26%
December 2019
521
2.61%
(3)
Keystart households affected by repossession
Month
Number of loans
October 2019
18
November 2019
23
December 2019
20
(4)
Interest earned on Keystart loans
Month
Interest earned $000
October 2019
$18,619
November 2019
$17,824
December 2019
$18,641
The Keystart loan book has continued to increase, from $4,441m at 30 June 2019 to $4,813m at 31 March 2020. This has contributed to the increase in interest revenue over this time.
Keystart clients with defaulted accounts
Month
Number of loans
Percentage of total loans
October 2019
231
1.17%
November 2019
233
1.18%
December 2019
250
1.25%
(2)
Keystart clients with accounts over one month in arrears
Month
Number of loans
Percentage of total loans
October 2019
437
2.22%
November 2019
447
2.26%
December 2019
521
2.61%
(3)
Keystart households affected by repossession
Month
Number of loans
October 2019
18
November 2019
23
December 2019
20
(4)
Interest earned on Keystart loans
Month
Interest earned $000
October 2019
$18,619
November 2019
$17,824
December 2019
$18,641
The Keystart loan book has continued to increase, from $4,441m at 30 June 2019 to $4,813m at 31 March 2020. This has contributed to the increase in interest revenue over this time.
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