Page 62 - Issue_17_Mirvac Residential Magazine_COMBINED_v6B_SPREADS

“That’s one of the reasons why
we provide diversity in lot size,
so that people at all stages of life “People lead busy lives so being able
can aspire to owning a home in
a prestige community such as
Cobbitty by Mirvac. It benefits to walk a few metres from home to
first home buyers as well as
downsizers who may be coming experience nature, whether it’s in the
from a family home where a high
maintenance yard is no longer the
desirable asset it once was.” bushland or around the proposed lake,
From its early years as a thriving
rural village Cobbitty has is incredibly important.”
evolved into a desirable location
for sprawling homes on large
acreage estates. The large lots
not yet released are generating
substantial inquiry from
landowners for whom 1,000sqm
gives them opportunity to build
a luxurious home with extensive
gardens and space to breathe.
Generational change is
inevitable as Sydney’s population
reaches westward and the big
infrastructure projects generate TOBY LONG
new high skill jobs. Mirvac General Manager, Residential Development NSW

There are social and health Above: Cobbitty Markets
benefits to be gained from a focus Below: Cut Hill Reserve
on outdoor amenity, increasingly Right: Artist impression of proposed green space and walkways
important with affordability
pressures putting large lot sizes
beyond the reach of many first
home buyers.
The UDIA’s 2023 State of the
Land Report reveals that over
the 2021-2022 year the median
price of greenfield lots in Greater
Sydney increased by 31 per cent
and the number released fell 35 per
cent, placing further pressure on
affordability.
Cobbitty by Mirvac offers home
sites ranging from around 270sqm
to more than 1,000sqm, the intent
being to attract a diversity of buyers
including first home buyers and
those looking to build a luxurious
home on a large landholding.
“Affordability is a persistent issue
in every capital city market and
breaking into the market with your
first home is always the hardest,”
says Mr Long.

Artist’s impression. Produced prior to all planning approvals being in place and prior to commencement of development,
and is therefore subject to change. The information, images and artist’s impression depicting landscaping, and other
60 ISSUE 17 SPRING/SUMMER 2023 The Right Place by Mirvac amenity are intended only as a guide and are not to be relied on as a representative of the final product. The Right Place by Mirvac ISSUE 17 SPRING/SUMMER 2023 61