Opening Doors to your First Home

Making the leap onto the property ladder can be a daunting task for prospective first-homebuyers, but owning an affordable home has been made easier thanks to the State Government’s Opening Doors program.

The initiative offers a range of affordable home ownership options, with the choice of shared or full home ownership, as well as help with buying land.

Pindan Sales Manager, Matthew Smith, said Pindan was proud to be part of the Shared Home Ownership program, which significantly helped lessen the expense of becoming a homeowner for people on low to moderate incomes.  

The program works by the State Government contributing a percentage towards the cost of the home, with a low deposit of $2000 or two per cent of the purchase price (whichever is greater) needed from the buyer.

Additionally, no mortgage insurance is required nor is evidence of a savings history.

Pindan has a range of top quality units, apartments, townhouses, villas and homes available to suit eager homebuyers who qualify for the program.

Starting from $157,500*, properties are available in a range of suburbs, including Butler, Maylands, Hamilton Hill, Balga, Midland, Nollamara, Innaloo and Willagee.

Mr Smith said the variety of brand new homes on offer catered to all kinds of buyers from couples, families and singles, with one, two, three and four bedroom homes available. 

“All you have to do is move in,” he said.

“We are proud to help homebuyers make the great Australian dream of home ownership a reality.

 “The properties are brand new and built with stainless steel appliances, floor coverings, internal painting, landscaping, driveways and paving to alfresco areas or courtyards.”

To qualify for shared home ownership, prospective buyers must have an annual income of between $50,000 and $70,000 (for individuals) or less than $90,000 (for couples or families).

They must also be a permanent resident of WA and be aged 18 years and above.

The property must also be used a primary residence.

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* The above purchase price represents a percentage share in this property. The Housing Authority will own the other percentage, in equity.

This property is offered under a FLEXIBLE loan product from Keystart. Please refer to Keystart (1300 578 278) for an explanation of this only.
Source: Pindan

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