The new Urban Connect home loan by Keystart can be used to purchase apartments in medium and high-density developments with two or more bedrooms, close to transport hubs and in urban locations.

Loans will be available for the purchase of off-the-plan, new and established apartments with a minimum of two bedrooms in a complex of two storeys or more.

Under the two-year pilot partnership with the Western Australia Government, the number of loans on offer for eligible owner-occupiers only is capped at 300.

Prospective homebuyers can enter the market with as little as 2% deposit, with no lender's mortgage insurance payable. 

Western Australia Government Planning Minister Rita Saffioti said the Urban Connect home loan is about delivering greater housing diversity in urban infill areas, particularly around key transport corridors.

"We want to see thriving communities close to our key public transport hubs and this new home loan will help drive that," Ms Saffioti said 

"By having higher property price and income limits, we're ensuring more people can access medium and high-density homes in locations close to public transport, including our METRONET precincts."

Income and property purchase limits for the Urban Connect Home Loan include:

  • Income of $180,000 for singles with a property purchase limit of up to $550,000.
  • Combined income of $200,000 for couples and families with a property purchase limit of up to $650,000.

The Urban Connect home loan is a variable rate product, featuring a current interest rate of 5.26% p.a. (5.35% p.a. comparison rate), no monthly fees and the option of additional repayments. 

Applications for Keystart's Urban Connect Home Loan will be accepted from 25 July 2022.

For a full list of eligible suburbs, including those within METRONET precincts, head to the Keystart website.

See also: Perth suburbs tipped to grow in 2022

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Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

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Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
6.04% p.a.
6.06% p.a.
$3,011
Principal & Interest
Variable
$0
$530
90%
4.6 Star Customer Ratings
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
5.99% p.a.
5.90% p.a.
$2,995
Principal & Interest
Variable
$0
$0
80%
Apply in minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
6.09% p.a.
6.11% p.a.
$3,027
Principal & Interest
Variable
$0
$250
60%
  • No annual fees – None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
 Disclosure
5.69% p.a.
6.16% p.a.
$2,899
Principal & Interest
Fixed
$0
$530
90%
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Flexibility to split your loan with both fixed and variable rates
 Disclosure
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

Image by Nathan Hurst via Unsplash



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