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Family Thrilled with Orlando Bloom & Miranda Kerr's Engagement

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Alexandra Wyman/WireImage

It’s an engagement three years in the making and Miranda Kerr’s family couldn’t be happier she’ll be tying the knot with Orlando Bloom.

“The entire Kerr family is thrilled with the news,” the model’s rep, Carlii Lyon, tells PEOPLE. “It is a very exciting time for both of them.”

Kerr, 27, and Bloom, 33, announced Monday they got engaged – after having dodged several wedding rumors throughout their relationship.

Reporting by CHARLOTTE TRIGGS