Ready to make the dream of owning your first home a reality? Metricon has helped thousands of families and young people move into their first home and we're here to help you too. We’ll guide you through the home ownership process and will be with you every step of the journey. Let's get started!
The Home Guarantee Scheme makes it easier for Australians to buy a first home by reducing the deposit required to as little as 5%, or just 2% for single parents, without the added cost of lenders mortgage insurance (LMI). From 1 October 2025, the Scheme will be even more accessible, giving more buyers in more locations the chance to enter the property market sooner. Find out everything you need to know about what this means for you on our blog.
Everything you need to know about buying your first home.
There are many benefits to building a new home over buying an established home. You’ll enjoy a home tailored to your style, with potential grants and stamp duty savings for first home buyers.
Use our First home buyer checklist to help find the right home for you
Calculate everything from how much you can borrow, to stamp duty you may need to pay.
Find out how you could own your own home at our free First Home Buyer information sessions.
From the very beginning Metricon were AMAZING! We love our home...
Our mortgage and finance partners are on hand to guide you through various financial options. If you’re eligible, they’ll explain the steps to getting your first home buyers grant and help you find out what other benefits may be available. Our mortgage partners will also help you find the right home finance option that works for you.
Financial assistance:
They’ll help you assess lenders and products tailored specially for first home buyers.
Find out how much you can afford to borrow.
Metricon will help you find the perfect block of land for your first home. We’ll guide you through the various steps to securing your block, and ensure factors such as land size, incline and street frontage are taken into consideration. We’ll also help with any developer guidelines governing your land and home design choice.
To keep the process simple, we've created checklists of the key considerations to note when buying land for your Metricon home.
Metricon has a range of home designs specifically tailored to first home buyer budgets.
Start by browsing our stunning, contemporary home designs and by visiting our display homes to see our floor plans come to life!
We also offer affordable home and land packages in leading estates. Talk to our new home advisors about options to suit your budget and lifestyle.
Ready to make the dream of owning your first home a reality? Get started today.
Whatever your personal situation, HomeSolution by Metricon have a plan to make it easy for you to gather the deposit you need and get started on owning your very own dream home. We’ll help you save the money you need with two great savings plans to choose from. We have all the skills and advice you need to make your new home a reality. And we make it easy.
Metricon has been building homes for Australian families since 1976. We have the expertise and understanding to ensure your journey to home ownership is as smooth and simple as possible.
When you build with Metricon we give you our commitment to quality design, construction and customer care. We even guarantee it with a lifetime structural guarantee
Our stunning home designs are just the beginning when you build with Metricon. You can customise your home colours, finishes and fixtures in our industry-leading selection centre Studio M to add your personal touch to your selected design.
Metricon home designs have won many awards and industry accolades, testimony to the skill of our design team in creating stunning home designs that work for the Australian lifestyle and your family.
Metricon are committed to helping you find the right property in the right suburb. We work with experienced developers in quality estates across the city, giving first home buyers in Melbourne access to affordable and stylish house and land packages.
At Metricon, we want you to love where you live, and that means building homes that are suited especially to Australian families. Our new home designs are perfect for any family, giving you enough room for today, with one eye on the growth of tomorrow. To us, innovation means space when you want it, and privacy when you need it. As a first home buyer in Melbourne, you can choose from a range of estates that are built for people exactly like you. Near schools, shops, public transport, open space and everything else a family needs, building a new home with Metricon means building your dream home. Use our map or list to discover everything you need to know about finding the right suburb and the right home for you.
As first home buyers in Melbourne you may be eligible for a First Home Owners Grant from the Victorian Government. If you’re a first home buyer or first home builder in Melbourne, the grant is $10,000. For eligibility visit www.sro.vic.gov.au
Whether you are building a new home or buying a new home, you may be eligible for the Victorian Government’s First Home Buyers Grant. Applicants must be older than 18 and an Australia citizen, and the property must be valued at $750,000 or less. For first home buyers in Melbourne, you or your spouse won’t be eligible if you have already received a first home owners grant in Victoria or anywhere in Australia, or owned a home in Australia either jointly or separately before July 1, 2000. If you lived in a home in Australia which either of you owned or part owned after July 1, 2000, for longer than six months, you may also not be eligible. If either of you have bought a property after July 1, 2000 and haven’t lived there, you may be eligible. As a first home buyer in Melbourne you must also live in your new home for at least 12 months.
The other good news if you are building a new home for the first time is that you won’t pay stamp duty on the value of the house. You only pay stamp duty on the block of land you are buying as part of the package. This is one of the reasons why buying a house and land package is one of the most affordable ways to buy a home in Victoria.
Most banks and lenders will require a deposit of about 20% for home loans in Melbourne and other areas of Australia. Some lenders offer low deposit home loans, but they may compensate for the risk by offering higher interest rates. At Metricon we offer a range of mortgage calculators to help make finding out this kind of information easy. First home buyers in Melbourne can use our deposit calculator to understand more.
