Stockland Halcyon sets new record for land lease community sales
Stockland Halcyon sales surge amid strong demand
- Sales spike: 317 net sales in 3Q26, up 162% year-on-year
- Strong pipeline: 800+ contracts across 16 active communities
- Price growth: Demand driving gains across all markets, led by QLD
- Cost pressure: Rising construction costs threaten future supply
The diversified property developer’s 3Q26 Operational Update has again reflected the intense demand for land lease communities.
Stockland said its Stockland Halcyon land lease community brand hit a record of net sales of 317 homes for the three months, an 162% increase on its prior comparative period. The operator settled 444 homes in FY24 compared to 526 homes over the 12 months in FY25.
Stockland Halcyon currently has 802 contracts on hand and is selling from 16 land lease communities. The operator also hopes to launch Halcyon Groves as its seventh site in Victoria.
“Positive price growth recorded across all markets, particularly in QLD, supported by underlying product demand and project mix,” said Stockland in the update to the ASX.
Two Victorian land lease communities Halcyon Evergreen and Halcyon Jardin transferred into a new partnership with M&G Real Estate, announced in March, during 3Q26.
The positive results come with a warning, however.
Stockland Managing Director and CEO Tarun Gupta told a Property Council event this week that surging construction cost inflation is weighing heavily on housing development, warning the sector risks slowing unless there is stronger government support and easing interest rates.
He noted that cost pressures have become increasingly volatile since the escalation of the US- and Israel-led conflict in late February, undermining the viability of projects that had previously appeared feasible.
His comments reflect the Government’s National Housing Supply and Affordability Council’s findings earlier in the week that the Middle East conflict could cut 33,000 homes off the nation’s new build total by mid-2029.
“If prices rise because input costs rise, we ... don’t have the ability to pass it on, which means activity is going to slow,” Tarun told a panel audience at a Property Council of Australia housing conference in Melbourne on Thursday (30 April).
Sockland Halcyon has land lease communities across Queensland, NSW, Victoria, and Western Australia.
