Gold Coast-based Eureka spends $93K per dwelling on 55-unit NSW rental village

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The private operator has made its first acquisition of the new financial year, adding the Albert Gardens village in Orange to its growing portfolio. In FY15, they bought 13 villages.

The purchase takes Eureka to a total of 22 villages (1,234 units) with a total of 33 villages (1,993 units) under their management.

The operator has been pursuing a serious “buy and build” strategy, with its recent purchase of 36 Couran Cove units on Queensland’s Stradbroke Island only settled in late July.

Eureka’s share price has certainly been on the rise, jumping 47 per cent from 51 cents on June 30 last year to 75 cents today.

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