My partner purchased a property in Baldivis WA for $317000 in 2015 using the Keystart 20% shared equity scheme without understanding what she was signing up to. Please be careful as the valuation by them when she bought was higher than the purchase price as her mortgage starting point was $276000 including $3000 deposit. 20% of 317000 is 252000 why did her mortgage amount not match that? How is that helping people who cannot afford a house in the first place. We had it valued recently and it came in at $300000 by them. I did some research and at the time she bought it should have been valued around 310,000. Greedy developers, financiers and building industry.
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