Abandoned properties and vacant lots are becoming a prominent problem in Australia’s communities. Investors who are willing to look at these properties as assets — rather than barriers or eye-sores– can help turn neglected areas into growing, active communities.
A popular strategy to turn downed communities is land banking. These public authorities are able to create, hold and develop vacant or disadvantaged properties. When you invest in a land banking opportunity, your goal is to convert distressed properties and vacant properties into marketable assets. To participate in land banking you must:
- Get the title to vacant lots or structures;
- Pay off any barriers for redevelopment;
- Transfer the ownership of that property to a new owner.
Land banking works in small and large communities alike, but it requires extensive loans and funding. Most financial institutions reject land bank opportunities because of their risk. At Australian Lending Centre, we have access to private funds that can help communities and investors manage these vacant properties and transform them into productive real estate.
If you need a land bank loan, a certified specialist at Australian Lending Centre can give you the information you need to see if one of our land bank loans is right for you. Contact a specialist today by calling 1300 138 188 or Enquire Now.
Agricultural Land Bank Loans Becoming Popular
Land banking isn’t only for urban development. There are hundreds of acres of undeveloped land that can be used for agricultural purposes. With Australia having numerous acres of ideal climate, soil properties and topography, agricultural land banking has become more popular.
Is Land Banking Right for You?
Abandoned or distressed properties greatly affect the land values throughout Australia. They can deter new buyers, attract higher levels of criminal activity and depress a community beyond repair. Land banking loans reinvest into these distressed communities and help turn around the neighbourhood as a whole. These economic and community tools revitalise business and residential districts. Land banks are able to:
- Develop new schools
- Generate housing opportunities
- Remove crime
- Promote development