Hon. Steve Martin questions the Minister for Housing regarding Keystart's loan book capacity, funding sources, current loan amount, and potential for additional low deposit loans. The Minister provides details on the loan book size, funding source (WA Treasury Corporation), and funding review process.

AnsweredQoN 745Legislative Council
Asked
18 June 2024
Portfolio
Housing

QuestionView source ↗

KEYSTART — LOANS
745. Hon STEVE MARTIN to the minister representing the
Minister for Housing:
I refer to Keystart's loan
book.
(1) What is Keystart's total
loan book capacity?
(2) What
percentage of the figure at (1) is funded through the Western Australian
Treasury Corporation?
(3) How much of
the figure at (1) has been loaned currently?
(4) How many
additional low deposit loans could Keystart support right now with the current
loan book capacity?

AnswerView source ↗

I thank the honourable member for
some notice of the question. The following response has been provided by the
Minister for Housing.
(1)–(4) Keystart's
loan book size at 31 May 2024 was $2.13 billion, excluding Bendigo Bank
assigned loans. Keystart's loan book is 100 per cent financed via the
Department of Communities through the Western
Australian Treasury Corporation. Keystart forecasts its funding requirements as
part of the annual budget process and
the funding limit is set based on these forecasts. The funding requirements are
reviewed regularly in conjunction
with the Western Australian Treasury Corporation, the Department of Communities and Treasury and, are updated as part of the Government mid-year financial
projections statement .

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