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  • Building expenses and reduced affordability push Simonds, but survives
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    Building expenses and reduced affordability push Simonds, but survives

    Aussie real estate has suffered on multiple fronts over the past year. Rising interest rates, inflation, labour shortages, lack of materials (plus the high costs) and unfavourable weather gave birth to a rather bitter financial cocktail for companies, like home building company Simonds Group (ASX: SIO). In FY23, its revenue saw a minor uptick of

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