Mirvac breaks ground at community, creating 900 new homes
Mirvac has turned the first sod of its newest masterplanned community in New South Wales, located adjacent to the historic township of Cobbitty in Camden. With an estimated completion value of $648 million, Cobbitty by Mirvac will deliver a new all electric community of 900 homes and create more than 4,000 local jobs during construction.
Mirvac’s Head of Residential, Stuart Penklis, said Camden is one of the most popular growth areas of Sydney but supply is limited.
“With Camden recently named as having one of the most significant housing supply shortages in NSW , coupled with its population projected to almost double by 2041 , the new community is set to provide a much-needed boost to housing options in the area.
“To be able to get these first homes to market is great news, especially for first home buyers and young families wanting a new chapter in a high-quality new community,” said Mr Penklis.;
Attending the recent sod-turning event, New South Wales Minister for Planning and Minister for Homes, Anthony Roberts, said the NSW Government is investing in several funding initiatives to help Camden Council deliver major infrastructure projects.
“As one of the fast-growing areas, Camden and surrounding suburbs will benefit from over $140 million worth of funding. This investment is set to deliver several road upgrades, enhanced public spaces and created new town precincts, making South Western Sydney a great place to live and work,” Mr Roberts said.
Stage 1 of the project comprises 120 lots, with the first release of 20 Torrens Title sites ranging in size from 270sqm-525sqm set to be available from February. Future releases will include lots over 1000sqm.
Mirvac’s General Manager, Residential Development NSW, Toby Long said Mirvac is also planning the development to respond to the existing Cobbitty village and has carefully considered the heritage of the area in designing the new community.
“Our vision for Cobbitty is to build a legacy project for south west Sydney where residents can enjoy the lifestyle of an idyllic and connected rural setting, that has the infrastructure to support contemporary living,” said Mr Long.
Embedded in the South West Growth Area, Cobbitty is expected to continue to attract substantial public and private investment for decades due to its proximity to the Western Sydney Aerotropolis, home of Sydney’s much anticipated second airport.
“Cobbitty stands to benefit from the multi-billion dollar infrastructure investment already underway in the region including the new airport and significant transport upgrades,” said Mr Long.
Mr Penklis said Mirvac’s track record of quality development over five decades has never been more important as buyers grapple with a range of challenges from interest rate movements to rising costs.
“Our customers want to buy into a community with a trusted and reliable name. The integration of best in field experts involved in every step of the process, from conception to completion to after sales customer care, is a clear competitive advantage for Mirvac. For the customer, this guarantees absolute confidence that the mark of Mirvac quality is embedded in every little detail on each and every project,” he said.
Stuart Penklis said that Cobbitty meets the increasing needs of a growing consumer group in an area of limited supply and addresses the unmistakable trend towards living environments which include a high level of amenity that deliver health and social benefits.
Other major infrastructure earmarked for the region includes the second stage of the Campbelltown Hospital redevelopment, the M12 motorway, and the new North-South rail line between St Marys and Macarthur which will ultimately link Cobbitty locals seamlessly with the Western Sydney Aerotropolis and Sydney CBD.
Located at 531 Cobbitty Road, Cobbitty by Mirvac is perfectly positioned to tick several family-friendly boxes being an approximate four-minute drive to Cobbitty town centre, six minutes to Oran Park town centre and seven minutes to Narellan town centre. The masterplanned community is also within 3kms of multiple education campuses including Cobbitty Public School, Macarthur Anglican School, Oran Park Public and High Schools, Oran Park Anglican College and Mater Dei Special School. It sits 48kms from the Sydney CBD. Prospective purchasers can register their interest at cobbitty.mirvac.com.
Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.
Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.