New Menangle blocks set to sell out fast

Emily Pedder and Gabriel Tawagi bought a block of land at The Village Menangle, the first step in building their first home. Picture: Supplied
Emily Pedder and Gabriel Tawagi bought a block of land at The Village Menangle, the first step in building their first home. Picture: Supplied

Property development company Mirvac has announced it will introduce a ballot system for the remaining stage one lots at The Village Menangle due to overwhelming demand.

The first 28 lots were all sold last weekend with hundreds of prospective buyers missing out on an opportunity to purchase.

Mirvac general manager of residential NSW Toby Long said a ballot would help to manage the high demand.

"We anticipated this first release at The Village would be well-received but nothing quite on this level," Mr Long said.

"There is a very real shortage of land right across Sydney and nothing else around delivers quite the same rural village feeling.

"The Village does have a competitive edge that has buyers out in force, with larger lot sizes, design guidelines that will ensure a consistent high standard of housing and proximity to the existing township and historic Menangle Railway Station connecting to Campbelltown and Central Station."

The company first introduced a ballot system at its CREST development in Gledswood Hills back in 2015.

"We are now in a similar position where demand far exceeds our ability to supply," Mr Long said.

"Many [buyers] have been able to take advantage of the move towards working from home and want to set down roots in a place where there is room to breathe but still remain within easy reach of all the amenity necessary for family life.

"We had a family who had moved from a Sydney apartment during Covid lockdowns and once they had a taste of country living decided they didn't want to leave, even after returning to work in Pyrmont.

"There is clearly a yearning for a slower place of life where there is time for family and friends. For some it's a tree change with the CBD still firmly in sight."

Emily Pedder and Gabriel Tawagi decided to use the money they had saved to buy a block of land at The Village Menangle - their first step towards owning their first home.

Living with their respective parents in Razorback and Harrington Park to save, Ms Pedder said they were drawn to The Village by the small scale of the masterplanned community.

"We looked at others but we preferred The Village which is much smaller," she said.

"We wanted to buy land and build our own home. It's what both our parents did.

"Taking out a mortgage is a bit overwhelming because it is the biggest purchase we have made individually and as a couple but you have to take that leap because if we don't, we miss out."

The first stage release, Village Fields, consists of 97 land lots all measuring over 500sqm.

A total of around 350 land lots will be offered across the 40-hectare estate.

This story New Menangle blocks set to sell out fast first appeared on Wollondilly Advertiser.