Question 1

Is Metricon good for first home buyers?

Accepted Answer

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.

Question 2

Is buying a first home hard?

Accepted Answer

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. Metricon has 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.

Question 3

Should you buy or build new?

Accepted Answer

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.

Question 4

What does buying a first home involve?

Accepted Answer

1. Get pre-approved 2. Choose your location 3. Pick a home design or package 4. Sign contracts 5. Start construction 6. Handover and move in

Question 5

What help is available for first home buyers in Melbourne?

Accepted Answer

The Australian government offers various grant s and incentives to support first time buyers in Victoria. These can invclude the First Home Owner Grant (FHOG), stamp duty exemption or concessions, the First Home Buyer Guarantee (FHBG), the Help to Buy Scheme, and the Help to Buy Scheme. 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.

Question 6

Where should I live?

Accepted Answer

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.

Question 7

What changes have happened to the Home Guarantee Scheme?

Accepted Answer

From 1 October 2025, the Home Guarantee Scheme will become even more accessible: Price caps will increase More people will qualify Application limits are expected to be removed 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.

Question 8

How do I find the perfect home design?

Accepted Answer

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.

Question 9

Am I eligible for first home buyer grants in Melbourne?

Accepted Answer

You might be eligible if: You’re an Australian citizen or permanent resident You’re over 18 years of age You’re buying a new residential property as your principal place of residence You’ve never owned property in Australia before Your purchase price is within the state’s price caps (generally under $750,000 in Victoria) The State Revenue Office will assess your eligibility. We can also help you through the application process.

Question 10

How do I finance my new home?

Accepted Answer

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).

Question 11

How much money do you need to start building?

Accepted Answer

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.

Question 12

Are affordable homes more basic?

Accepted Answer

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.

Question 13

Why choose Metricon Homes for your first home?

Accepted Answer

We’ve been building homes for over 50 years across Australia. Our homes meet the latest Victorian Government and NCC standards. We include Lifetime Structural Guarantee for peace of mind. We offer a huge range of affordable and customisable designs. We build in high-growth Melbourne suburbs. Our team walks you through the process, from pre-approval to handover.

Question 14

How much can I borrow for a home loan?

Accepted Answer

This depends on your income, expenses and deposit. Our finance partners can help you assess your borrowing power.

Question 15

What is the process for applying for the First Home Owner Grant in Melbourne?

Accepted Answer

If you’re eligible, you apply through your lender or directly to the State Revenue Office when you sign your contract.

Question 16

Do I have to live in my first home?

Accepted Answer

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.

Question 17

What are red flags when buying a house?

Accepted Answer

Red flags can include unclear contracts, poor quality finishes or hidden fees. Our team at Metricon Homes can help you avoid common issues.

Question 18

How long does it take to get first home buyers grant in Victoria?

Accepted Answer

Once approved, the grant is usually paid at settlement or the first drawdown on your loan, depending on your lender.

First home buyer