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.

Visit the Hub

Exclusive Offer For First Home Buyers

Your first home is now closer than ever.
For a limited time, First Home Buyers can enjoy an EXTRA Rebate at Smiths Lane with:

 Up to $10K** Rebate on selected Land Lots
Up to $10K** Rebate on Mirvac-built Townhomes

All this comes in addition to Smiths Lane's Spring Offers -
including up to $20K^ Rebates on selected Land and an $11K^ Rebate on Mirvac-built Townhomes!

Don’t miss this rare opportunity to maximise your savings and secure your first home sooner.

**Click HERE for First Home Buyer Terms and Conditions. 

^Click HERE for Spring Time Special Terms and Conditions

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.

Couple smiling by a fence in front of modern apartments.
How it works
  • 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
Eligibility snapshot*
  • 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.

View Properties

For loan applications from 1 October 2025

 

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).

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