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AAP
AAP
Politics
Callum Godde

'Land banking' costs Aussies $6b: report

The practice of 'land banking' may have cost Australian home buyers an additional $6b over 10 years. (Mick Tsikas/AAP PHOTOS) (AAP)

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.

A new report from economic think tank Prosper Australia analysed 26,000 sales at nine major master-planned housing developments across Victoria, NSW and Queensland.

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