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Eureka Group Holdings Limited ( (AU:EGH) ) just unveiled an update.
Eureka Group Holdings has agreed to acquire Nagambie Lifestyle Park in regional Victoria for $11 million, its second all-age rental community in the state and ninth such acquisition in the past year. The mixed-use, freehold park comprises 127 revenue-generating sites, including land-lease homes, park-owned rentals, annual sites and motel rooms, and is expected to deliver an initial yield of 7.3% and a target five-year IRR of 15.9%. With 26 fully serviced vacant sites requiring renewal of an expired planning permit and two completed homes ready for sale, Eureka plans to expand the park to about 155 sites, over 90% of which would be long-term rental and land-lease homes, reinforcing its affordable housing strategy in a region characterised by strong population growth, low rental vacancy and high median house prices. The acquisition, due to settle in late January 2026 subject to customary conditions, strengthens Eureka’s footprint in regional Victoria alongside nearby assets in Benalla, Shepparton and Albury, and comes as the group pursues a further $90 million of non-binding acquisition opportunities under due diligence.
The most recent analyst rating on (AU:EGH) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Eureka Group Holdings Limited stock, see the AU:EGH Stock Forecast page.
More about Eureka Group Holdings Limited
Eureka Group Holdings Limited is an ASX-listed owner and operator of affordable rental communities, with a growing portfolio of all-age rental villages and seniors rental living villages across regional Australia. The company focuses on land-lease homes and long-term rental units in markets with strong population growth, tight rental conditions and limited affordable housing supply, particularly in regional centres close to major cities.
Average Trading Volume: 571,774
Technical Sentiment Signal: Sell
Current Market Cap: A$202.6M
Learn more about EGH stock on TipRanks’ Stock Analysis page.