Mirvac has turned the first sod of its newest master-planned 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.
The new community, officially opened by New South Wales Minister for Planning and Minister for Homes Anthony Roberts, is proposed to feature a playing field and village green, a town centre, a lake and a range of parks and landscaped open spaces. Nature will also take centre stage with existing wetland corridors to be restored as a safe haven for native flora and fauna, and extensive networks of walking trails and cycleways planned to promote connectivity and connection to nature through the neighbourhood.
“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.”
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.”
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 1000 sqm.
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 southwest Sydney where residents can enjoy the lifestyle of an idyllic and connected rural setting, that has the infrastructure to support contemporary living.”
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.”
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.”
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 amenities 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.