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Simonds Family Office selling Melbourne site to pursue New York opportunity

ASX: SIO: Home builder Simonds says consumer confidence is returning

The ASX-listed volume builder said housing starts fell 18 per cent in the year to June, but sales are now picking up.

Gary R Simonds MD MS FAANS

Gary R Simonds MD MS FAANS
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Melbourne luxury property: Simonds family sells new Toorak home for $12m

The sale came after the family had to dip into its own pocket to underwrite a capital raise for ASX-listed home builder Simonds Group.

Simonds ASX: Home builder Simonds Group hit by materials, labour shortages

As it slumped to a loss, the volume builder said continuing demand for homes even after the end of the HomeBuilder stimulus was keeping up pressure on costs.

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