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. Mirvac has 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 Housing Australia 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 here
For more information about the Home Guarantee Scheme, please click here.
Search for properties within your budget
New South Wales
Highforest
In a unique forest setting, Highforest presents the final release of 1, 2, 3 and 4 bedroom Mirvac apartments coming soon to West Pennant Hills. Discover a nature-inspired masterplanned community in the prestigious Hills District north-west of Sydney.
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Riverlands
Where the Georges River flows wide, discover Riverlands by Mirvac in Milperra - a natural haven with beautifully crafted 3, 4 and 5 bedroom homes designed for comfort, safety and pride in a masterplanned community.
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The Village
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.
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Cobbitty
Cobbitty by Mirvac is 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.
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Everdene
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.
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Everleigh
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.
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Monarch Glen
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.
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Olivine
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.
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The Fabric
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.
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Smiths Lane
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.
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The Albertine
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.
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Trielle
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.
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Henley Brook
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.
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Bullsbrook
Located just south of Bullsbrook township, this community will be a new frontier destination for bold pioneers with the unbounded freedom to thrive.
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Contracts and Settlements
Understand the legal requirements and responsibilities of buying a home.
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Designing and Constructing your Home
Explore design options that will bring your vision to life and learn about the construction process.
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Glossary
Confused by jargon? Our glossary explains common property terms in plain English.
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Frequently Asked Questions
Find answers to frequently asked questions about buying your first home.
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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, Mirvac (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).
Mirvac acknowledges 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.