Land Lease Intelligence

Headline inflation reached 4.3% in September, up from 4.0% in August. Headline CPI tracks the overall consumer basket; trimmed mean removes the highest and lowest 15% of seasonally adjusted component price changes by expenditure weight and averages the middle 70%. The annual trimmed mean rose to 3.6% from a revised 3.5%. ABS — September 2026 CPI · ABS — underlying inflation measures

The RBA targets headline inflation but watches quarterly trimmed mean for underlying pressure. The quarterly measure rose 1.0% in the September quarter and 3.7% over the year, distinct from the monthly 3.6% reading. At the 29 October close, ASX futures implied an 80% chance of a 25-basis-point rise to 4.85% at the RBA’s 3 November meeting. RBA — inflation target and measures · RBA — monthly CPI transition · RBA — September-quarter CPI measures · ASX — RBA rate tracker

Housing costs rose 5.2% over the year, even as capital-city house prices fell in the September quarter—what? ABS housing covers rents, new dwellings, repairs, rates and utilities, not existing-home sale prices. New-dwelling purchase inflation eased to 4.7% from 5.4%, but prices remained higher than a year earlier; that measure excludes land and existing-home sales. ABS — September 2026 CPI · ABS — what housing CPI includes · ABS — new-dwelling measurement · Domain — September-quarter house prices

Warburg’s revised non-binding proposal of $5.45 per Ingenia stapled security is 10 cents above AVID’s $5.35. Ingenia’s board judged it better for the bid process, giving AVID the chance to match or improve it—not recommending a deal to securityholders. A distribution of up to 5 cents could be paid without reducing Warburg’s proposed price, potentially taking receipts to $5.50. Ingenia — proposal announcements · Ingenia — 28 October improved proposal (ASX filing)

GemLife plans more than 500 homes in Townsville’s Northern Beaches. Its proposed 32.5-hectare community is at Mount Low, where REA reports a $730,000 median house price for October 2025–September 2026. The public project page does not state site rent; the suburb median is context, not a complete land lease cost comparison. GemLife — Northern Beaches proposal · REA — Mount Low house-price profile

National asking rents are 7.3% higher than a year ago. SQM’s series for the week ending 28 October puts combined asking rent at $709.83 a week, with houses at $794 (+7.6%) and units at $612 (+6.8%). These rental increases show the financial pressure that the average renter is under from year to year. Albeit not an exact like for like comparison, the typical 3.5% pa increase for LLC site rents looks mild in comparison. SQM — asking rents, week ending 28 October · Lifestyle Communities — site-fee terms

3CR’s Wollert discussion is a useful check on maintenance obligations and exit-fee assumptions. In City Limits’ Housing with Shane McGrath (21 October), the Housing for the Aged Action Group representative covers Victorian operator responsibilities and Lifestyle Communities’ Wollert case. The case voided deferred-management-fee terms in affected agreements—not all such fees—and the company says its appeal was dismissed on 21 August 2026. 3CR City Limits — 21 October episode · Wollert — orders, 25 July 2025 · Lifestyle Communities — court ruling update · HAAG — Shane McGrath