Simonds Homes’ has strengthened its credentials as one of Australia’s leading and largest volume home builders with the agreed acquisition of Dennis Family Homes, the building arm of the Dennis Family Group.

The acquisition, which is expected to be completed by March 2025, will be one of the most significant Australian building industry takeovers in recent history, significantly expanding Simonds’ market reach and more than doubling its current product portfolio.

The acquisition places Simonds strongly at the forefront of helping meet the challenge of providing affordable homes to Australians amid the current housing crisis.

“Australia’s housing shortage demands innovative solutions and scalable growth,” said Simonds CEO, David McKeown. “By bringing Dennis Family Homes into our portfolio, Simonds Homes is stepping up to the challenge with a wider range of quality homes that are both accessible and affordable, to make home ownership a reality for more Australians."

“Simonds will continue to drive its vision of ‘High-Quality Affordable Homes for Every Dream’ by integrating Dennis Family Homes’ designs into its portfolio, creating a diverse range of options for every buyer, from first-time homeowners to luxury knockdown rebuild clients.”

“This acquisition further strengthens Simonds’ ability to meet growing housing demand in the Victorian market and across Australia.”

Dennis family has further stated that they have made a strategic decision to focus on land, retail and commercial developments and divest the contract housing business. Simonds was identified as a strong pathway forward particularly given the strong alignment between the two family-owned businesses.

Key highlights of the acquisition:

• Portfolio Expansion: The addition of Dennis Family Homes’ home designs will more than double Simonds’ current offerings, providing greater diversity and choice for customers.

• Continuity for Dennis Family Homes Customers: Dennis Family Homes customers can expect a seamless experience, with their homes, plans, inclusions, designs, warranties and build teams remaining exactly as initially agreed.

• Shared Values and Culture: Both companies share a commitment to quality, an entrepreneurial culture and a customer-first approach, making this partnership a natural fit.

Mr McKeown said the acquisition represented a significant step forward for Simonds Homes, furthering its commitment to building homes that fulfil the dreams of Australians at every stage of life.

“With a stronger portfolio and expanded resources, Simonds continues to lead the way in creating affordable, high-quality homes for Australian families,” he said.

“In a time of increasing demand for accessible housing options, this acquisition enables us to scale up with a robust product line that meets the needs of first-time buyers, growing families, and downsizers alike. We’re addressing a critical need in our community by providing a reliable pathway to home ownership for more Australians."

Mr McKeown described the acquisition of Dennis Family Homes as a “perfect fit” for Simonds given their history as a quality, family-run, home building business.

About Simonds Homes

Simonds was established in 1949 and listed on the ASX in 2014 as a leading homebuilder, operating across Victoria, Queensland, New South Wales, and South Australia. Our diverse product range includes single and double-storey detached homes, dual occupancy projects, medium-density developments, and ready-built homes. This comprehensive offering allows us to cater to all customer types—from First Home Buyers to Knockdown Rebuilders—while maintaining a strong focus on families in metropolitan areas of state capitals and large regional cities.

About Dennis Family

From humble beginnings to becoming one of Australia's most respected property development companies. The Dennis family’s development operations and portfolio are extensive. Residential activity currently has 12 master planned land and medium density communities across Victoria and South East Queensland. With a pipeline equating to approximately 18,000 lots. Retail and commercial activity is across 6 developments with a gross lettable area of 100,000 square metres with 50 hectares of undeveloped commercial land, located within new and established residential communities.

Media Enquiries: media@simonds.com.au or Lyall Johnson on lyall.johnson@civicpartners.com.au