If you're a first home buyer in Melbourne, Metricon Homes makes it easier to get started with modern home designs, affordable house and land packages, and expert support every step of the way. We’ve helped thousands of Aussies into their first homes, and we can help you too.
Being a first home buyer in Melbourne can feel overwhelming. Between rising property prices, upfront costs and understanding what help you can get, it’s easy to get stuck. But with Metricon, getting your own home is easier than you think.
We’ve helped thousands of first-time buyers across Victoria take that first step into home ownership. From government grants to affordable house and land packages, we’ll help you move in sooner. Plus, with new updates to the Home Guarantee Scheme, it’s now even easier to buy your first home with a lower deposit and no LMI.
Both come with advantages. It really depends on what works for your lifestyle and goals.
If you want something ready to move into, Home Complete by Metricon gives you a brand-new home with everything included. You only need a 5% deposit, then pay the rest when it’s time to move in. There are no surprise costs and no progress payments. Just turn the key, and you're home.
Prefer to be part of the design journey? HomeSolution by Metricon helps you build a home that suits your lifestyle. With low deposit options, tailored finance support and a wide range of designs, it's a great way to start with something that feels truly yours.
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...
Here’s a simple step-by-step of what to expect:
1. Get pre-approved
Find out how much you can borrow and what your repayments might look like.
2. Choose your location
Think about what suburbs suit your lifestyle, work and future plans. We build in a wide range of Melbourne suburbs, so there’s likely a location that fits your lifestyle.
3. Pick a home design or package
Browse home designs or choose a house and land package. We’ll help you match it to your budget and block size.
4. Sign contracts
Once you're ready, we’ll prepare your building contract so you can secure your first home.
5. Start construction
We handle everything from here. You’ll be updated at every stage until it’s time to move in.
6. Handover and move in
Once your new home is complete, we’ll hand over the keys. You’re now a proud homeowner.
Check out our complete first home buyer guide for practical tips, detailed checklists, and everything you need to know about buying your first home in Australia.
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.
The Australian government offers various grants and incentives to support first time buyers in Victoria. Here’s what you might be eligible for:
The eligibility criteria for these grants can vary. Some schemes may also have extra conditions, so always check with the State Revenue Office or your lender.
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.
From 1 October 2025, the Home Guarantee Scheme will become even more accessible:
This means eligible first home buyers can enter the property market sooner, with lower deposit requirements and no LMI. Learn more about the latest changes to the Home Guarantee Scheme.
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.
You might be eligible if:
The State Revenue Office will assess your eligibility. We can also help you through the application process.
On top of government grants, Metricon works with trusted finance partners who can help you understand your loan options, check your eligibility, and apply for a home loan. They’ll also explain how the deposit scheme works, interest rates, and what you might save on lenders mortgage insurance (LMI).
Most first-time buyers in Melbourne will need around 5% to 20% deposit, depending on the scheme you’re using and the lender’s terms. Some loans are available with a lower deposit, especially if you qualify for the First Home Guarantee. Don’t forget other upfront costs like conveyancing and inspections, which are usually not included in your home loan.
To get a better idea of your numbers, use our online deposit calculator.
Ready to make the dream of owning your first home a reality? Get started today.
A smart first home is one that fits your life now and has room to grow. At Metricon, we offer affordable home and land packages with modern designs that suit all lifestyles and budgets. From spacious single storey homes to modern townhouses, you can choose what works best for you. And with the help of our Studio M team, you can customise your layout, finishes and fixtures to match your style and future plans.
To choose the best home design, think about:
Starting the journey is easier than you think. Speak with one of our new home advisors about your goals, budget and location. We’ll help you find the right package for your first home in Melbourne.
1. How much can I borrow for a home loan?
This depends on your income, expenses and deposit. Our finance partners can help you assess your borrowing power.
2. What is the process for applying for the First Home Owner Grant in Melbourne?
If you’re eligible, you apply through your lender or directly to the State Revenue Office when you sign your contract.
3. Do I have to live in my first home?
If you’re applying for government grants, yes. Most grants and concessions require you to live in the home as your principal place of residence for at least 12 months. Otherwise, it can be considered an investment property.
4. What are red flags when buying a house?
Red flags can include unclear contracts, poor quality finishes or hidden fees. Our team at Metricon Homes can help you avoid common issues.
5. How long does it take to get first home buyers grant in Victoria?
Once approved, the grant is usually paid at settlement or the first drawdown on your loan, depending on your lender.
