Don't think I like the term Land Bank. It seems developers hold plots of land until they have enough to get rezoning done or onsell or repurpose. The house next door has been sold to a chinese developer. The house just happens to be next to a vacant block that has never had a house on it which also happens to be separating another house that went up for sale this week. This is like a large retirement suburb where the house turnover can be quick. We have had five elderly residents die from our street since we have been here and usually it is more elderly types who buy in. Hopefully Mr Chinese is not trying to put up 10 condominiums.
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| two for sales signs and an empty block |















