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Property Accountants: Land Banking – What is it and why you should do it


Land banking is the process of purchasing raw land with the intention of holding it for future development. When done correctly, land banking can be a very profitable endeavor. Here are some things you need to know about land banking.

What is Land Banking?

Land banking is the purchase of raw land for future development. The land is usually undeveloped and may not have any infrastructure such as roads, water, or power. The intention is to hold the land until it appreciation in value and then sell it at a profit.

Why Bank Land?

There are many reasons to bank land.

First, banks are always looking for safe investments that will appreciate over time. Raw land meets this criteria since it cannot be reproduced and there is a limited supply.

Second, banks can offer loans for the purchase of raw land. This means that you can buy the land without having to come up with all the money upfront.

Third, raw land usually appreciates in value over time. This appreciation can be due to factors such as inflation, population growth, or changes in zoning laws.

Fourth, raw land can be sold quickly if necessary. If you need to raise cash quickly, selling raw land is usually easier than selling developed property.

Lastly, raw land can be used as collateral for loans. This means that you can use the land to get a loan even if you don’t own the property outright.

How to Get Started in Land Banking?

The first step is to find raw land that is suitable for banking. The best type of land is usually undeveloped and located in an area that is growing or has potential for growth. You should also try to find a property that has good access to roads, water, and power.

Once you have found a suitable piece of property, the next step is to negotiate a purchase price with the seller. It is important to get the best price possible since this will impact your profits when you eventually sell the property.

After the purchase price has been agreed upon, the next step is to obtain financing for the purchase if necessary. You can do this by going to your local bank or credit union and applying for a loan.

Once you have obtained financing and closed on the property, your next step is to hold onto the property until it appreciates in value. This could take years or even decades depending on market conditions.

Land banking can be a great way to invest in real estate without having to develop the property immediately. By understanding what land banking is and how it works, you’ll be in a better position to take advantage of this investing strategy.”

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Andy Garvy
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The team at outside are a dedicated bunch. They go above and beyond in every situation and provide so much more than your standard tax accounting. They have developed process maps, management reports, managed our invoicing, payables and pretty much taken care of every part of our business when we have needed it. They are a big part of our business and will continue to be moving forward.
Matt Holton
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A great team - striking the right balance between professional, knowledgable accountants while being fun and personable to deal with. Always quick to respond. Harri has prepared my end of year statements and GST returns. I'm based in Auckland and have managed to snag a spot at the "co-working desk" in their office a couple of times while I'm down in Wellington.
Sarah Ny
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These guys are not the typical accountants. We engaged with Outside originally for our small business accounting needs, but over the years they have provided invaluable services above and beyond. We have grown as a business and Outside worked alongside us the entire time, supporting us with expert and professional advice throughout our journey. They are an awesome bunch, so easy to get along with, they break everything down into regular speak and no question is too dumb to ask. Their door is always open, everyone is super welcoming and they make a mean coffee.