First Home Buyer

You’ve rented for a while or stay with your parents and now you’ve decided you’re ready to buy your first home. But where do you begin? Taking the step into home ownership can be overwhelming and plagued with hidden costs, complex legal implications and logistical nightmares, all of which can be difficult to navigate if you don’t have the appropriate experience.

At Meridian Homes, we understand that taking the step to buy or build your first home is a monumental undertaking, and aim to make it an exciting, memorable and stress-free experience. Our team has years of expertise in helping the everchanging first home buyer choose their dream home and cater specifically to your needs so that you can feel confident moving forward. Whether it be land sourcing or assisting with the design of your home to suit your lifestyle and budget, we’re here to help you every step of the way.

We offer various pricing options and inclusions to make it easier for first home buyers to afford the home they want. Whether you are looking for a budget-friendly basic necessity-filled starter home or something more luxurious and complex, Meridian has multiple designs available that provide opportunities for individualisation. Our various first home buyer designs are built with first time buyers in mind and come complete with all the necessary fixtures, finishing and appliances. With Meridian, first home buyers have access to not only high-quality designs, builders and construction that guarantee peace of mind, making us the perfect fit to help you build your first home. Discover some of our design packages or contact us below.

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Suitable Packages

Option 1

L29039918-MENANGLE PARK-NSW-2563


Introducing this stunning house & land package located at Lot …

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Option 2

L29040284-MENANGLE PARK-NSW-2563


Welcome to your dream home in Menangle Park! This stunning …

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Option 3

L29040150-MENANGLE PARK-NSW-2563


Welcome to this stunning house & land package located at …

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In considering if you’re ready to buy your first home, it is important to first see that you have your finances in check and that they align with your goals. This includes having healthy savings habits, a deposit saved for a down payment and a clear financial plan in the works. Make sure that you also have a realistic and firm idea of what you want, especially in regards to location, timeframe and budget.

Get familiar with and see if you qualify for different home loans or other financial support including the First Home Owners Grant. Home loan approval can take time, so try to begin talks with your financial institution about receiving pre-approval. This will give you a better idea as to how much you will be able to borrow as well as well as other important process factors such as house deposit criteria. Be sure to also check and understand the finer details of your personal credit report. As a first home buyer, black marks on your credit report may influence lender trust and impact your ability to gain approval for a home loan.

Do your research. Consider where you want to buy and live. If you’d like to have a better physical idea of a potential dwelling or build, visit our display homes, which feature some of our most popular single and double storey designs. Consider and compare different suburbs and packages to get a better idea of your options and how different factors may influence your budget and home goals. If you’re feeling unsure about what to do or when- get in touch with us! Contact us here to help you get the ball moving on your dream home.

The First Home Owners Grant NSW is a government-funded, one-off grant valued at a sum of $10,000. Its intended purposes include improving housing affordability in NSW, encouraging the building of new homes and supporting the first home buyer in purchasing their own property.

The grant is offered to first home buyers and owners for:

  • The purchasing of a new home of up to $600,000
  • The building of a new home up to $750,000

With ‘new home’ being defined as a residence that has not been lived in previously, a property that has not been sold as new before, a new build or a knock down rebuild.

This sum of money can be put towards a house deposit, or serve as a monetary buffer against stamp duty, legal fees or other unexpected costs. For further in-depth information on eligibility and application processes, read more about the First Home Owners Grant here.

When it comes to building a new home, there are a lot of variables that have to be factored in that can drastically change the cost of the total project. According to The Urban Development Institute of Australia, in 2019 the median lot price for Sydney was $459,000. In regards to the actual building of a home, the Australian Bureau of Statistics reported that the Australian average for home size was $1393.55 per spm, however it is notable that this excludes costs such as planning permits, design and site work. With the average dwelling in Australia spanning 229.8sqm in 2019, this places the cost of building at roughly $320,238.

As a first home buyer, some important factors of cost to consider include:

  • Location – different areas will fluctuate in price, which is influenced by suburb appeal, CBD proximity, accessibility to transport and infrastructure etc. It can also dictate certain council and build requirements, such as the Bushfire Attack Level (BAL) rating, which may require you to build with more specialised, non-combustible materials or other construction treatments.
  • Cost of the land – dictated by size, area, production potential, existing structures etc.
  • Site work – this includes excavation of the plot, levelling, removing greenery and other landscaping costs such as fencing, paving and gardening.
  • Complexity – utilising an architect or developing a specialised design requires more expertise and time, and therefore a higher cost. But in doing so, it will ensure that the space on your land will be utilised effectively and can maximise your house floor space. It means that your home can also be customised towards your needs and increase your property value due to the more unique quality of the build.
  • Quality – this depends on the higher quality materials and finishes that you desire for your home, which will increase the cost due to the craftsmanship required and price of needed materials.
  • Desired timeframe

At Meridian Homes we have over 20 years of experience in home buying and building. As a family business, we are committed to helping hard working Australians take the step into home ownership with confidence and comfort. We understand the stress and complexities that can be involved in buying your first home, and are committed to upholding transparency and honesty when guiding you every step of the way to ensure that your experience is as rewarding as it is exciting.

As a first home buyer you can be inundated with confusing and vague options with hidden costs, but at Meridian Homes we offer some of the newest, cost-effective designs and packages to make buying your brand new home easy and simple. However, we understand that building your first dream home is not always a one-size-fits all, and are happy to work to customise a plan to suit your needs, family or lifestyle.

Enquire here for advice and start your new home journey with us today.

Key points to remember

Building a new home is exciting and can seem overwhelming but remember these key points to help the process



Tell us exactly what you're looking for and a realistic budget, we then can work towards finding something suitable.



Chat to your financial institute about getting a pre-approval so you know exactly how much you can borrow and how the home loan process works.



Look at different suburbs and different home designs to see the various different options you have, as some suburbs have cheaper and bigger land but some suburbs are closer to schools and transport hubs.



Write down what is a must have, a want and future goal, this can help establish what you will need to build your home.



Work with your consultant to create realistic expectations of when your home will be ready and what the next steps of your build is before you begin.

Send Enquiry

Send us an enquiry about any of these home and land packages, and one of our expert and friendly team will get back to you.

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