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Land Bank facilities are available for land which is to be developed however for whatever reason the developer needs a loan on the site for a period of time.
General reasons include:
- Development Approval not in place
- Amend DA
- Insufficient presales
- Amalgamation with other sites
- Not the right time for the type of project
- Rezoning of the land or area
- Awaiting a new LEP
Land banks can be either interest prepaid or interest paid monthly.
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