How to Buy Your First Home
Expert Tips & Resources from Mirvac
Buying your first home is a huge milestone – exciting, maybe even a little daunting, but with the right information and support, definitely achievable. 91×ÔÅÄÂÛ̳has created a First Home Buyer Hub to guide you every step of the way, with clear explanations, helpful resources, and expert insights.
Think of this as your go-to-guide for confidently navigating the purchase of your very first home.
The First Home Guarantee (FHG)
This may be a fantastic opportunity for eligible first home buyers to enter the property market sooner. Administered by the federal government, this initiative allows eligible buyers to purchase a home with a deposit as low as 5% without having to pay Lenders Mortgage Insurance (LMI).
Under the scheme, the government steps in and guarantees to the lender up to 15% of the property value. This opens the door for first home buyers who might not have a large deposit saved up.
To be eligible, you'll need to meet certain criteria, so it's worth checking the details on the website or chatting to your lender.
- Save as little as 5% deposit plus stamp duty (if any) and transaction costs
- Government guarantees up to 15% of the property’s value
- No income cap applies for applications lodged from 1 October 2025
- Australian citizen or permanent resident
- First home buyer (you and your co-buyer must not have owned property in Australia in the last 10 years)
- Minimum 5% deposit saved
- Intend to live in the property
- Property value is below the relevant location threshold set out
For more information about the Home Guarantee Scheme, please click .
Search for properties within your budget
New South Wales
In a unique forest setting, Highforest presents and exclusive collection of luxurious 91×ÔÅÄÂÛ̳houses and apartments now selling in West Pennant Hills. Discover a nature-inspired masterplanned community in the prestigious Hills District north-west of Sydney.
Where the Georges River flows wide, discover Riverlands by 91×ÔÅÄÂÛ̳in Milperra - a natural haven with beautifully crafted 3, 4 and 5 bedroom homes designed for comfort, safety and pride in a masterplanned community.
Offering the quiet charm of a rural village, close to nature yet connected to urban convenience, The Village, Menangle has been designed for you and your family with land lots ranging from 486sqm to 787sqm.
Cobbitty by 91×ÔÅÄÂÛ̳is a little bit country, a little bit city. A new masterplanned community with over 900 land lots, ranging from 270sqm - 550sqm and 1000sqm. Register now to receive further information about our upcoming releases. Visit us at our Sales Centre, open daily 11am- 4pm.
Everdene is a masterplanned community, located south of the existing residential suburb of Glenmore Park within the Greater Penrith Area. This masterplanned community showcases Mirvac’s dedication to thoughtful living through proposed amenities.
Queensland
Located in the heart of Greenbank, Everleigh is a close-knit community which brings together affordable quality homes, green open spaces, and easy access to local amenities.
Monarch Glen is located within the Greater Flagstone Priority Development Area. On completion it is estimated to deliver over 7,300 land lots, along with schools, neighbourhood centres, which will be complemented by a retail offering and extensive green open space.
Victoria
Olivine delivers premium amenity, exceptional education opportunities and a diverse choice of lifestyle options. The latest land releases offer coveted land in the Patterson Neighbourhood.
Located just 9km from Melbourne’s CBD and in the heart of the vibrant community of Altona North, The Fabric is transforming the Inner West. Each 2, 3 and 4 bedroom townhome has been designed by Mirvac’s award-winning team to prioritise style, comfort and functionality.
At Smiths Lane, the curated new community offers a village-like setting, green open spaces, and everyday convenience within walking distance. With premium amenity now open onsite, life on Smiths Lane allows for more time for the things that matter.
Overlooking Albert Park Lake and connected to the city’s finest offerings, The Albertine is a boutique collection of one, two, three and four bedrooms new apartments with a complete suite of health and wellness amenity, and entertaining spaces.
Construction has now commenced at Melbourne’s new pinnacle of luxury living at Yarra's Edge. Trielle offers a breathtaking experience that is nothing short of extraordinary. Discover 1, 2, 3 & 4 bedroom residences with unparalleled amenity, now selling with potential stamp duty savings.
Western Australia
When you purchase at Henley Brook, you won’t just be buying a block of land. You’ll be buying a way of life. A life where you’ll feel more connected to the world around you.
Located just south of Bullsbrook township, this community will be a new frontier destination for bold pioneers with the unbounded freedom to thrive.
Finance
Learn about home loans, deposit options, and government schemes.
Incentives
Discover grants and concessions that could save you thousands.
Contracts and Settlements
Understand the legal requirements and responsibilities of buying a home.
Designing and Constructing your Home
Explore design options that will bring your vision to life and learn about the construction process.
Moving Day
Get tips and tricks for a smooth move into your new home.
Glossary
Confused by jargon? Our glossary explains common property terms in plain English.
Frequently Asked Questions
Find answers to frequently asked questions about buying your first home.
Featured Project
Portman St Terraces - Now Selling
Designed by Smart Design Studio and delivered by Mirvac, Portman St Terraces presents a rare opportunity to secure a luxurious terrace home in the vibrant Green Square precinct. Featuring 4 bedrooms, 4 bathrooms, a rooftop terrace, rumpus room, and private lift access to all floors from the security of a spacious double garage, equipped with an EV charger. Now selling with an exclusive offer of a stamp duty rebate*, contact Luca Long 0429 540 122 for more details.
Featured Project
LAKE Collection – Final Opportunities Now Selling
As we add the finishing touches to the masterpiece that is Tullamore, we unveil the LAKE Collection, a stunning conclusion to this outstanding community. These exquisite four-bedroom lakeside residences, nestled in the tranquil enclave of the Grange precinct, will overlook the ornamental lake surrounded by mature native trees and an expansive 6-hectare conservation reserve. The LAKE Collection is an exclusive offering set for completion in June-2024.
Disclaimer: The information provided here and in the First Home Buyer Hub is for general informational purposes only and is intended to assist first home buyers in understanding the home buying process in Australia. While every effort has been made to ensure the accuracy and currency of the content, including summaries of first the home buyer guarantee, government grants, stamp duty concessions, and other incentives in some States, the material presented should not be relied upon as legal, financial, tax or investment advice.
Government policies, eligibility criteria, and entitlements may change over time and vary between jurisdictions. Users must consult official government sources and seek independent professional advice (including legal and tax advice) tailored to their individual circumstances before making any decisions or taking any action based on the information contained on this website.
To the extent applicable at law, 91×ÔÅÄÂÛ̳(a) does not make any express or implied representation or the warranty that the information is accurate, current, complete or correct, (b) does not accept any liability or responsibility for or in relation to any errors in, or omissions from, the information, and (c) will not be liable for any cost, loss or damage resulting from this information (including any financial information, recommendations, figures, calculations or forecasts).
91×ÔÅÄÂÛ̳acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.
Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.