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Eureka Group Ventures into All-Age Rentals with $4.5M Gladstone Acquisition
5:26pm on Sunday 1st of June, 2025 AEST
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Real Estate
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Eureka Group Ventures into All-Age Rentals with $4.5M Gladstone Acquisition
5:26pm on Sunday 1st of June, 2025 AEST
Key Points
Acquisition of Gladstone mixed-use home village and caravan park for $4.5 million
Initial yield of 9.2% with plans to convert caravan sites into rental villas
Expansion into all-age rental market amid declining home ownership in Australia
Funding secured through a $70.4 million capital raising
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Eureka Group Holdings (ASX:EGH)
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