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How Eureka’s $22M Hillside Buy Transforms Its Perth Rental Strategy
8:40am on Friday 3rd of October, 2025 AEST
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Real Estate
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How Eureka’s $22M Hillside Buy Transforms Its Perth Rental Strategy
8:40am on Friday 3rd of October, 2025 AEST
Key Points
Acquisition of Hillside Garden Village with 200 sites in Mount Richon, Perth
Purchase price of $22.15 million with an 8.4% initial yield and 15.0% five-year IRR
Over 87% of revenue secured by long-term rental income from seniors on government pensions
Potential to develop 27 additional rental units subject to council approval
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Eureka Group Holdings (ASX:EGH)
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