Miley Cyrus and Liam Hemsworth’s families are ‘so happy’ over couple’s engagement Read more: http://www.nydailynews.com/gossip/miley-cyrus-liam-hemsworth-families-happy-couple-engagement-article-1.1091534#ixzz1x7tjD8S5

Miley Cyrus and Liam Hemsworth have their families’ blessing to walk down the aisle.

Shortly after the former Disney star, 19, announced her engagement Wednesday and told People she was looking “forward to a life of happiness” with the22-year-old Australian actor, her dad took to Twitter to share his excitement.

"All I ever hoped for as a Daddy was to see my kids reach their dreams," singer-actor Billy Ray Cyrus, 50, tweeted. "To find happiness...peace of mind ...and someday know... true love."

The bride-to-be’s mom, Tish, also said she was thrilled by the wedding news.

“Wow! All of the LOVE pouring out for Miley and Liam is incredible!” the family matriarch wrote on Twitter early Thursday. “So happy for my precious baby girl and the love of her life!”

Hemsworth’s family Down Under is said to also be delighted for the young couple, who began dating in 2009 when they costarred in “The Last Song” in Georgia.

"They spend Christmas and other holidays together. They've been down to Australia," a source told People.

Read more: http://www.nydailynews.com/gossip/miley-cyrus-liam-hemsworth-families-happy-couple-engagement-article-1.1091534#ixzz1x7tniZwQThe handsome actor popped the question last Thursday with a 3.5-carat cushion-cut diamond ring in an art nouveau setting from celebrity jeweler Neil Lane.

“He wanted something really romantic and beautiful,” Lane told The News, describing his collaboration with the future groom. “Hopefully it’s something different. It’s all handmade with a 19th century cushion-cut diamond.”

Cyrus, who was photographed wearing the symbolic sparkler Wednesday in Beverly Hills, also went online to thank her fans for their well wishes.

"thank you for all the love today :) I'm happy to share this news with you all," she tweeted. "I feel like all my dreams are coming true. have a great day"

Read more: http://www.nydailynews.com/gossip/miley-cyrus-liam-hemsworth-families-happy-couple-engagement-article-1.1091534#ixzz1x7uF8ytI

Miley Cyrus & Liam Hemsworth's Families 'Thrilled' over Engagement

"Billy Ray loves Liam. He's happy his daughter has found the right guy," one source says, adding that Hemsworth has spent a lot of time with her family, barbecuing together. "The whole family loves Liam." 

Cyrus's mom Tish is also said to be "excited" by the news. 

Likewise, Hemsworth's family in Australia has gotten to know Cyrus through their visits, and is happy for them. "They spend Christmas and other holidays together. They've been down to Australia," says a source. 

The pop star, 19, and the actor, 22, got engaged May 31 following three years of dating, after meeting on the set of The Last Song. 

Though their daughter is still a teenager, Billy Ray and Tish reportedly aren't wistful or sad that she's growing up. "She's pretty independent already," says a source. "They're just so happy she's found someone who makes her so happy." 

On Twitter, Billy Ray, 50, wrote: "All I ever hoped for as a Daddy was to see my kids reach their dreams. To find happiness ... peace of mind ... and someday know ... true love." 

For more on Cyrus and Hemsworth's engagement, including what their families think – and to see a photo of Cyrus's ring – pick up this week's issue of PEOPLE, on newsstands Friday