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Holding on to land for extended periods, leaving it idle anticipating capital appreciation and future development, is drawing more scrutiny.
The issue of land banking has hit the headlines, with Victoria moving to widen taxes on vacant land to increase housing supply.
Holding on to land for extended periods, leaving it idle anticipating capital appreciation and future development, isn’t a new investment approach. However, its repercussions are drawing more scrutiny, with long-term vacant homes and undeveloped land increasingly conspicuous in the housing crisis.
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