House of Assembly - Fifty-Fourth Parliament, First Session (54-1)
2019-10-29 Daily Xml

Contents

HomeStart Finance

1395 The Hon. A. PICCOLO (Light) (24 September 2019). Has any consideration been given to lowering the interest rate charged on HomeStart Finance's low deposit loans through government subsidy to assist with increasing home ownership levels?

The Hon. S.K. KNOLL (Schubert—Minister for Transport, Infrastructure and Local Government, Minister for Planning): I have been advised by HomeStart Finance:

HomeStart's primary mechanism for delivering lower deposit loans to the market is via the graduate loan which carries less credit risk than the low deposit loan product. Lower income customers may also be eligible for a portion of their mortgage to be available at subsidised rates via the advantage loan or other products. HomeStart does not currently have any plans to reduce the rate on the low deposit loan given the risk attached to it.