Miley Cyrus has bought a new home for her and Liam Hemsworth.

Miley Cyrus

Miley Cyrus

The 23-year-old singer splashed out on a $2.5 million Malibu pad following her recent reconciliation with her former fiancé and they are planning for him to move in "when he's ready".

A source told Us Weekly: "The plan is for Liam to stay there while they reconnect, and then move in permanently when he's ready.

"They know what they have is real. Miley needed some time to grow up, but she feels ready for this now."

It was recently claimed that after getting back together, the couple - who split in 2013 after three years together - are also planning to marry again, but there was no big proposal from Liam.

A source said: "It's true, the engagement is back on. It's been a whirlwind but they're both totally in love with each other and decided to pick up where they left off.

"There was no big proposal this time, they just talked about it and Miley decided to put the ring back on.

"She's told friends that she feels as if she's come full circle."