Eureka has DA approval for 110-unit independent living rental village in Kingaroy, QLD

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Eureka has informed the ASX that it has confirmed the purchase of a 2.09ha parcel of land in Kingaroy, 210km north-west of Brisbane’s CBD.

In addition, the rental village operator which has 40 villages totalling 2,191 homes, said development approval had been granted by South Burnett Regional Council for a 110-unit seniors’ rental village.

Eureka, under CEO Cameron Taylor, saw a growth in underlying profit before tax of 31% to $7.36 million in FY21. Its underlying EBITDA profit margin increased 35% to 38.3%.