Market News / Story
Lifestyle Communities Cuts Debt as Victorian Housing Sales Slow
Small Caps ·
Small Caps reports: Lifestyle Communities has reported softer first-quarter home sales as prospective downsizers take longer to make decisions amid subdued conditions in the Victorian housing market. The residential land lease operator recorded 39 net new-home sales in the September quarter, down 22% from 50 a year earlier, while established-home sales fell 11.9% to 37. Despite the slowdown, customer conversion rates remained broadly stable and appointment numbers improved in September…