Lifestyle Communities (ASX:LIC) reported 43 net sales from new homes in its fiscal third quarter, down from 60 in the previous quarter and 50 a year earlier, with momentum moderating amid economic uncertainty, according to a Tuesday filing with the Australian bourse.
"While fundamental demand drivers for downsizer housing remain robust, prospective customers are navigating a more cautious market, leading to extended decision-making cycles as they consider and manage the sale of their existing homes," the company said.
It also reported 38 net sales from established homes for the March quarter, flat compared to a year earlier but down from 56 in the fiscal second quarter.
Additionally, the company said it had 148 unsold completed homes at the end of March, down from 257 as of the close of June 2025.
Lifestyle Communities' sales and settlement pipeline as of March 31 includes 190 new home settlements completed and 203 contracts on hand, per the filing.
The company's shares were 1% higher in recent Tuesday trade.