Mirvac sells out its first new land release in Sydney's Menangle

Mirvac secured the weekend sellout of its new land release in Sydney's rural far south west.

The initial 28 lots at The Village Menangle near Campbelltown, were the first new land release by Mirvac for five years.

Set 56 kilometres from the CBD, the sales sat between $444,900 and $505,900.

The lots were sold on Saturday after buyers registered online last week.

The registrations were capped at 125 but went well beyond that, Toby Long, general manager residential development for Mirvac in NSW told The Australian Financial Review.

Noting the area was still mostly rural Long suggested it’s “almost like we were selling a feeling rather than property”.

Mirvac has worked with Wollondilly Council to develop The Village design guidelines to help builders create homes that sit comfortably within the Heritage Conservation Area.

The NSW Government has prompted Macarthur as the major destination for retail, tertiary education and health services, with expansion of Macarthur Square, Campbelltown Hospital, Campbelltown Private Hospital, the University of Western Sydney and Campbelltown TAFE.

In 2017 the state government announced a 958-hectare land release to make way for 3000 new homes and a town centre in rural Menangle Park.