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Miley & Liam To Rebuild Dream Home On Same Lot As Burnt Down Bungalow

Miley Cyrus and her fiancé Liam Hemsworth lost everything this week when their Malibu, Calif., home burned to the ground in the horrific wildfires that have ravaged Southern California.

Now, just one day after Hemsworth, 28, shared a photo of the charred rubble that remains of their former home, RadarOnline.com has exclusively learned the duo are going to rebuild on the same lot as their lost abode!

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“Miley and Liam are not looking at this as devastation anymore, at least not for them,” said a source close to 25-year-old Cyrus. “It has already changed then to the core because they now see that all of those expensive things that they each worked so hard for meant nothing at all in the end.”

“Everything that they ever owned, every outfit, every necklace and fancy suit, is gone," added the source. "But that is okay because they made it out alive, along with their beloved pets. That is all that matters to them right now.”

As RadarOnline.com reported, the two decided to put their wedding on hold following the blaze that ripped through the quiet beach town that they’ve lived in since reconciling over two years ago.

“They’ve been helping their community 24/7 since the fires first started and it has made them both fall in love with each other all over again," said the source, adding, “Liam has put his life in danger to help his neighbors and Miley has seen a side of him she never knew existed."