Highlights

  • Net new-home sales totalled 39 in the quarter ended 30 September 2026.
  • New-home settlements totalled 42, with 214 contracts on hand.
  • The DMF refund programme opened on 6 October 2026.

Lifestyle Communities Limited (ASX:LIC) develops, owns and manages land lease communities in Victoria. Its 9 October 2026 update reported first-quarter FY27 sales, settlements, net debt and the commencement of its deferred management fee refund programme.

Sales and Settlements

The quarter ended 30 September 2026 recorded 39 net new-home sales, compared with 50 in the corresponding quarter, a 22% decline. Established-home net sales were 37, compared with 42, down 11.9%. Lifestyle Communities (ASX:LIC) recorded 42 new-home settlements.

Contracts on Hand

The 214 contracts on hand comprised 135 available for FY27 and 79 for FY28 or later. The FY27 group included 29 unconditional contracts settling, 58 customers marketing their homes and 48 who had not listed their homes. Lifestyle Communities (ASX:LIC) therefore distinguished contracts on hand from unconditional near-term settlements.

Net Debt and Refunds

Net debt was AUD 265.3 million at 30 September, down AUD 8.4 million from AUD 273.7 million at 30 June 2026. Lifestyle Communities (ASX:LIC) opened the DMF refund programme on 6 October for eligible former homeowners, with initial payments expected in late October.

Funding and Next Update

The company said refunds would be funded through working capital and existing debt facilities, reducing its AUD 77.1 million provision as payments were made. It planned a further update at its AGM on 19 November 2026.

Key Insights

The Lifestyle Communities (ASX:LIC) update reports weaker net sales alongside lower net debt. The programme had opened, with its first payments still expected later in October.