Australia's Lifestyle Communities jumps; Morningstar flags resilient sales, steady outlook

Lifestyle Communities

09/10/2025 04:38

** Lifestyle Communities LIC.AX jumps as much as 8.7% to A$6.120; marks biggest intraday pct gain since August 28

** Morningstar says residential homes developer's sales averaged 50 units/quarter over last 3 quarters, up sharply from 20 in early FY25 but below FY24's near-100 quarterly pace

** Forecasts muted new home sales this year, with recovery largely materialising from FY28

** However, highlights steady new sales reflect resilient demand for co despite adverse media coverage, exit fee structure

** Says co managing headwinds by cutting unsold stock via existing home sales, others

** LIC last up 6.1%, trimming YTD losses to 30.2%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))