Land Lease Intelligence

Many of Lifestyle’s contracted buyers still need to sell their existing homes before settling. Its latest update sits alongside stronger settlements at Aspen and new construction and settlement milestones at Lumora and Halcyon Jardin.

FINANCE & MARKETS

Consumer confidence fell 3.4 points to 67.1 after the September rate rise. The 6 October ANZ–Roy Morgan reading remained below the neutral 100 mark, while weekly inflation expectations rose 0.2 percentage points to 5.9%. The survey covered 1,019 interviews and was not seasonally adjusted. ANZ — 6 October consumer-confidence release · Roy Morgan — 6 October survey

NAB cut its 2026 eight-capital dwelling-price forecast to an 8% fall, from 6%. Its 7 October Housing Monitor put combined-capital prices down 1.2% in September and 6.4% below the March peak. The 8% calendar-year fall and projected 11% peak-to-trough decline are forecasts, not observed outcomes. NAB — 7 October Housing Monitor

OPERATOR NEWS & DEALS

Lifestyle reported a 22% year-on-year fall in September-quarter new-home net sales to 39, alongside 42 settlements. Of its 214 contracts on hand, 135 homes were available for FY27 settlement, but only 29 buyers were booked with unconditional sales of their existing homes at 30 September. First eligible deferred-management-fee refunds are expected in late October, funded from working capital and existing debt facilities and reducing the $77.1 million provision. Lifestyle — 9 October Q1 FY27 trading update

Aspen’s September-quarter settlements rose 53% to 46, comprising 45 Lifestyle houses and one residential lot. The company reported an average Lifestyle home price of $520,000 including GST, up 9%, and $7.9 million of development profit at a 36% margin. Its 91 Lifestyle houses completed or contracted compare with FY27 guidance of 150; these are unaudited results and company guidance. Aspen — 5 October 1Q FY27 trading update

Hometown’s 196-home Lumora project has moved into home construction, with Stage 1 advertised from $460,000. Its 8 October update expects first residents in early 2027, later than the 2026 arrival flagged at its March launch. The price is an advertised starting point, not an achieved sale, and public materials do not disclose Lumora-specific site rent or review terms. Hometown — 8 October Lumora construction update · Hometown — March Lumora launch

Stockland’s Halcyon Jardin has reached 100 settled homes within a planned 278-home community. Its 8 October update counted 167 residents at Clyde North. Stockland’s June portfolio estimated final settlement in FY29, making the latest milestone a measure of delivery within a still-developing community. Stockland — 8 October Jardin settlement milestone · Stockland — 30 June 2026 property portfolio, page 28

HOUSING & AFFORDABILITY

Rental growth slowed to 0.5% in the September quarter, from 1.6% in June, while annual growth remained 5.5%. Cotality put median dwelling rent at $713 a week and vacancy at 2.1%, still below the pre-COVID decade average of 3.3%. Regional quarterly rents rose 0.8% against 0.4% across capitals; these broad dwelling figures do not measure LLC site rents. Cotality — 9 October September-quarter Rental Review

PLANNING & POLICY

Tasmania’s new residential-park rules took effect on 8 October, bringing controls on fees, deposits and rent reviews. For in-scope principal-residence park agreements generally lasting at least 90 days, entry, exit, management, holding and communal-contribution fees are banned and security deposits capped at four weeks’ rent. Rent increases generally require 12-month spacing and 60 days’ notice, with challenges to TASCAT within 60 days of receiving notice; holiday occupation and retirement villages are excluded. Tasmanian legislation — commencement proclamation · Residential Parks Act 2026 — as made · Consumer Affairs Tasmania — residential-park guidance

TERMINAL VALUE

A housing start is the beginning of a build; a completion is a home ready to occupy. ABS counted 52,201 starts and 47,168 completions in the June quarter, both seasonally adjusted, so more homes began construction than were completed. Houses completed in 2025–26 took an average 8.4 months to build and apartments 28.6 months, illustrating why more starts take time to become usable housing supply. ABS — June-quarter Building Activity, released 7 October · ABS — June 2026 release, average dwelling completion times workbook

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Research and compilation assisted by artificial intelligence; human-edited. Not investment advice.