Ikea and Mirvac team to show how to furnish a new home on a $15,000 budget

Ikea and Mirvac will join forces this weekend at the 56-hectare Elizabeth Hills estate in South West Sydney to demonstrate how you can furnish a three-bedroom home for just $15,000.

Swedish furniture giants Ikea supplied furniture for a three-bedroom, two-bathroom property on Feodore Drive in the Promenade neighbourhood, which was recently purchased for $465,000.

The property is being used as a display home for the next coming weeks to demonstrate how to furnish your home on a tight budget.

The display home will launch May 4 with interior designer Tim Leveson conducting Open Book Design talks throughout the day.

Mirvac will also launch its 2C stage this weekend, consisting of 11 dwellings ranging from two-, three- and four-bedroom homes.

Three two-bedroom homes are available for $348,900 with block sizes ranging from 78 square metres to 89 square metres.

Five three-bedroom homes are available ranging in price from $475,000 to $505,000 with block sizes ranging from 260 square metres to 336 square metres.

Four four-bedroom homes will be released ranging in price from $580,000 to $599,900 with blocks ranging from 336 square metres to 362 square metres.

The 11 new dwellings are currently under construction.

Five remaining homes from other stages are also available.

The Elizabeth Hills development is located in the Cecil Hills district and was launched in November 2011.

Elizabeth Hills is named after Lazy Elizabeth Wylde, the wife of colonial judge advocate, John Wylde.

Wylde was granted 809 hectares upon arriving in Australia and the property – Cecil Hills Farm - continued operating as a farm up until the late 1980s.

Elizabeth Hills now comprises of 650 house sites, one hours drive from the Sydney CBD.

The Promenade neighbourhood launched late last year.