GemLife set for acceleration as home settlements drive 2026 growth

Australian over-50s lifestyle community developer GemLife Communities Pty. Ltd. (ASX: GLF) is set for a sharp acceleration in 2026, with revenue forecast to rise 33% year-on-year to A$373 million, driven by a rebound in home settlements, according to Visible Alpha consensus estimates.

Home settlement revenue, the company’s largest business segment, is expected to increase 33% to A$346 million as settlement volumes recover after two consecutive years of declines. Analysts expect the number of homes settled to climb 36% to 423, offsetting a modest 2% decline in average home sales prices to A$818,000.

The outlook comes as demand for downsizer-focused housing continues to support Australia’s land lease community sector, where operators such as GemLife cater to retirees seeking lower-maintenance living options. The company, which raised A$750 million in its 2025 initial public offering to fund expansion and development, has been building out a pipeline of lifestyle communities across eastern Australia.

Shares of GemLife, which listed on the ASX in July 2025, have gained 18% over the past year but remain down 8% year-to-date. The company reported revenue of A$282 million in 2025, up 6% year-on-year, supported by growth in development and community operations revenue, though home settlement activity remained softer.

 This article was published by Visible Alpha, part of S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.