Miranda Kerr setting up home with Evan Spiegel

Australian model Miranda Kerr is moving in with her billionaire boyfriend Evan Spiegel after purchasing their first home together.

The couple, which began dating in June, 2015, has sealed the deal on a four-bedroom, six-bathroom mansion in Brentwood, California, according to TMZ.com.

The property, designed by famed architect Gerard Colcord, had been on the market for $12.5 million , but Miranda and Snapchat co-founder Evan reportedly snagged the pad at a slight discount, paying $12 million instead.

The main house also boasts a pool and a home gym.

The news emerges three months after Miranda and her beau made their red carpet debut together at a pre-Grammy Awards party in February (16). The model also shared her first photos of the couple's romance on social media in March (16), when she posted a number of sweet shots from their trip to Washington, D.C. on Instagram.com.

Meanwhile, Miranda's ex-husband Orlando Bloom has also moved on to another high-profile partner after striking up a romance with Katy Perry.

The stars began dating after meeting at a Golden Globes afterparty in January (16), and have since showed off their affection for one another on outings in Los Angeles and vacations in Hawaii and Aspen, Colorado.

However, pop superstar Katy and the British actor have yet to publicly comment on their budding romance.

Miranda and Orlando wed in 2010, but separated in 2013. They share custody of their five-year-old son Flynn.