South Melbourne-based Lifestyle Communities has sold 332 new homes and awaiting settlement to the end of April. This result compares to 252 sold at 31 December.
It is on a par with Ingenia Communities, which last month said it had settled 227 new homes, with a further 460 homes deposited or contracted.
Lifestyle Communities said it expects to sell between 390 and 405 new homes and between 140 and 150 resales attracting a deferred management fee in the FY22.
“It’s been an exciting time for the business as we recently welcomed our first homeowners at our latest project at Meridian (pictured) and launched our new Salesforce platform,” said Co-Founder and Managing Director James Kelly.
“The supply chain in the construction industry remained under pressure in recent months but our construction team and strong relationships with key suppliers has ensured our build program remains on track. We recently received a planning permit for our latest development at Woodlea and look forward to commencing construction soon.”
Lifestyle Communities has always used builder Todd Devine Homes, which has built more than 3,000 dwellings.
