Hi everybody. A fair few years back my husbands parents bought a few blocks of vacant land in Kellyville, NSW. I wasn't sure if this was called lank banking but essentially. They asked for a years settlement, paid the 20%deposit with it to go into a interest saving account with the profits split between both the vendor and purchaser and pre pay the agents commission so they earnt their crust. They also had a clause that they could on sell the property after a year if they pleased. The blocks had grown in value before the upcoming years end date they advertised them with a real estate and on sell them taking the profit but never physically owning the property. Is this called landbanking or even legal in this day and age. Would you just pay income tax on the profit and interest earnt back? obviously a very risky move but could work for regional hubs about to grow.