'Land banking' costs Aussies $6b: report

By Callum Godde
Updated July 26 2022 - 12:26pm, first published 12:20pm
The practice of 'land banking' may have cost Australian home buyers an additional $6b over 10 years. (Mick Tsikas/AAP PHOTOS)
The practice of 'land banking' may have cost Australian home buyers an additional $6b over 10 years. (Mick Tsikas/AAP PHOTOS)

Home buyers have forked out almost $6 billion extra to buy property on the outskirts of major Australian cities in the past decade following "land banking" by developers.

Subscribe now for unlimited access.

or signup to continue reading

All articles from our website
The digital version of Today's Paper
Breaking news alerts direct to your inbox
All articles from the other in your area

Get the latest Mt Isa news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.