❓ Dr. Steve Thomas asks about Keystart shared equity loans, including the number administered, types of loans, refinancing activity, and deposit amounts. The Minister provides some data but defers a full response to a later date.
AnsweredQoN 1130Legislative Council
QuestionView source ↗
KEYSTART — SHARED EQUITY LOANS
1130. Hon Dr STEVE THOMAS to the minister representing the
Minister for Housing:
I refer to the Keystart shared
ownership home loans scheme.
(1) As at 18 September 2023, how
many shared ownership home loans does Keystart administer?
(2) Of this number, how many loans are flexible shared
home ownership loans and how many are fixed shared ownership loans?
(3) For each of
the financial years 2020–21, 2021–22 and 2022–23, how
many borrowers have refinanced their properties or bought more shares in their
properties?
(4) For each of
the financial years 2020–21, 2021–22 and 2022–23, how
many of the currently administered Keystart shared ownership loans were funded
at the maximum percentage of the purchase price?
1130. Hon Dr STEVE THOMAS to the minister representing the
Minister for Housing:
I refer to the Keystart shared
ownership home loans scheme.
(1) As at 18 September 2023, how
many shared ownership home loans does Keystart administer?
(2) Of this number, how many loans are flexible shared
home ownership loans and how many are fixed shared ownership loans?
(3) For each of
the financial years 2020–21, 2021–22 and 2022–23, how
many borrowers have refinanced their properties or bought more shares in their
properties?
(4) For each of
the financial years 2020–21, 2021–22 and 2022–23, how
many of the currently administered Keystart shared ownership loans were funded
at the maximum percentage of the purchase price?
AnswerView source ↗
I thank the Leader of the Opposition
for some notice of the question. The following response has been provided by
the Minister for Housing.
(1)–(2) As
at 18 September 2023, Keystart is administering 2 971 shared equity loans, of
which 129 are fixed perpetual loans and 2 842 are flexible loans. In addition
to the state government's shared equity program, the federal government
has announced a shared equity scheme that will provide more options for those
wishing to enter home ownership.
(3) The requested
data across multiple years is unable to be provided within the time frame. A
response will be provided on the first day of the next sitting period, Tuesday,
10 October.
(4) Keystart
provides low deposit home loans with a minimum two per cent deposit. A
significant portion of Keystart customers
provide a larger deposit than the minimum. The number of loans for which a two
per cent deposit was provided was six in 2020–21, four in 2021–22,
and nine in 2022–23.
for some notice of the question. The following response has been provided by
the Minister for Housing.
(1)–(2) As
at 18 September 2023, Keystart is administering 2 971 shared equity loans, of
which 129 are fixed perpetual loans and 2 842 are flexible loans. In addition
to the state government's shared equity program, the federal government
has announced a shared equity scheme that will provide more options for those
wishing to enter home ownership.
(3) The requested
data across multiple years is unable to be provided within the time frame. A
response will be provided on the first day of the next sitting period, Tuesday,
10 October.
(4) Keystart
provides low deposit home loans with a minimum two per cent deposit. A
significant portion of Keystart customers
provide a larger deposit than the minimum. The number of loans for which a two
per cent deposit was provided was six in 2020–21, four in 2021–22,
and nine in 2022–23.
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