Mirvac Break Ground on Masterplanned South-west Sydney Development
Following a groundbreaking ceremony earlier this month, Cobbitty in Sydney's south-west, the newest masterplanned town by Mirvac is now actually under construction.
Cobbitty by Mirvac, which is estimated to be worth $648 million, will eventually include 900 units and be all electric. The development is expected to contain a playground, village green, town centre, lake, and green areas. Wetland corridors that already exist will be restored, and walking and cycling routes will also be built to foster community and welfare.
According to Anthony Roberts, the NSW Minister for Planning and Minister for Homes, the state government is committed to investing in infrastructure projects that would support housing goals in a region close to Sydney's upcoming second airport.
“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,” he says.
According to Stuart Penklis, Head of Residential at Mirvac, the neighbourhood will help provide homes for the anticipated increase in the area's population.
“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,” he says.
“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.”
There will be 120 lots available this month as part of the project's initial phase. Toby Long, general manager of residential development for Mirvac in NSW, claims that the construction will be considerate to the existing Cobbitty hamlet.
“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,” he says.
“Cobbitty stands to benefit from the multi-billion dollar infrastructure investment already underway in the region including the new airport and significant transport upgrades.”
With the new Sydney Airport and the ensuing Western Sydney Aerotropolis, as well as the proposed M12 highway and North-South rail line between St Marys and Macarthur, both public and private investment within the area is anticipated to be significant.
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