This website may not display properly using your current browser version. Please consider updating to a supported browser to get the most out of the Metricon website.

View this website for more information about supported browsers

First Home Buyer Melbourne

We’ve helped first home buyers in Melbourne find their dream house and land pack packages for more than 40 years. And we can help you, too.

First home buyer? Let's get started!

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!

Why buy a new home?

There are many benefits to building a new home over buying an established home. First, you get a brand new home with your choice of designer fixtures, finishes, façade, floor plan, design and orientation – a stunning home just perfect for your lifestyle.

First home buyers may also be eligible for government grants and financial incentives that can help make the dream of new homeownership a reality. Our First Home Owner Grant fact sheet includes information about specific grants and stamp duty savings for new homes.

Financing your dream: We can help!

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.

Loan calculator:

Find out how much you can afford to borrow.

Where to live? Land considerations

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.

Understanding developer requirements

Guidelines for choosing land

Finding your perfect home design

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.

First home buyer? Let's get started

Ready to make the dream of owning your first home a reality? Sign up to our First Home Buyer newsletter.

Saving for a deposit? Choose the plan that's right for you.

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.

  • A simple savings plan, all managed for you.
  • Your own personal Savings Coach.
  • Savings bonuses when you reach your goals.
  • Own your own home sooner.
Download my deposit saver brochure

Why choose Metricon for your first home?

Experience you can trust

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.

Quality assurance program

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

A customised home

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.

Award winning homes

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.

Attend a free First Home Buyer Event

Join us at one of our free Build Smart First Home Buyer information sessions to find out how you could own your own home. Learn from our customers how easy, fast and affordable it can be. Watch the video below showing one of our recent Build Smart Series First Home Buyer events and register for one of our forthcoming events at the link below. These information sessions are held regularly at our dedicated events space at our Mt Waverley Head Office.

First Home Buyers Melbourne

Best suburb in Melbourne for first home buyers?

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.

How much is the first home buyers grant in Melbourne?

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. In regional areas you may be eligible for a grant of $20,000.

Am I eligible for the first home buyers grant in Melbourne?

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.

How much is a deposit for first home buyers in Melbourne?

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.