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Eureka Group Expands Queensland Rental Portfolio with $6.75 Million Townsville Lakes Acquisition
9:14am on Monday 17th of August, 2026 AEST
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Real Estate
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Eureka Group Expands Queensland Rental Portfolio with $6.75 Million Townsville Lakes Acquisition
9:14am on Monday 17th of August, 2026 AEST
Key Points
Acquisition of Townsville Lakes Holiday Park for $6.75 million
Initial yield of 9.1% with 18.2% target five-year IRR
110 sites including short-term cabins and park rentals
Plans to convert short-term accommodation to long-term rental housing
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