Shared Equity Option

Shared Equity Option

A secondary loan that boosts your borrowing power to give you a greater choice of homes in a wider range of suburbs.

Information regarding the Shared Equity Option for our construction loans is coming soon!

Link to Premier Steven Marshall’s announcement here.

The Shared Equity Option allows you to borrow up to 25% of the purchase price as an interest-free and repayment-free loan.


Boost your borrowing power You can apply for a Shared Equity Option of between 5% and 25% of the purchase price or property valuation, whichever is lower, up to a maximum of $200,000. The Shared Equity Option cannot be greater than the primary loan amount and is only available on established properties and newly completed builds. 
No interest rate payments No interest is payable on the Shared Equity Option. Instead, HomeStart will share in the gain or loss in property value when you sell your home.
Eligibility To be eligible you will need to meet the requirements of a HomeStart primary loan. The Shared Equity Option is only available for established properties.
Voluntary repayments You can make voluntary repayments of $10,000 or more to the Shared Equity Option, on top of the minimum repayments to your primary loan, at any time.
Final payment The final payment on a Shared Equity Option will include the loan balance plus a portion of the gain or loss when you sell. If you refinance, HomeStart will share in the property valuation gain, but will not share in any loss.

Shared Equity Option fact sheet
Shared Equity Option key features
Target Market Determination

Need more information? Call us on 1300 636 878.

Eligibility criteria, terms and conditions apply. Fees and charges are payable.