Eureka Group Holdings

What Eureka Group Holdings does

Eureka Group Holdings Ltd (ASX: EGH) is an Australian publicly listed owner and operator of affordable rental accommodation for independent seniors and disability pensioners. The company owns or manages 52 villages across 6 Australian states with more than 2,800 units, differentiating itself from traditional strata-titled retirement operators through a build-to-rent model with no entry or exit fees. Its portfolio has expanded from approximately 24 villages in mid-2016 to 52 currently, driven by a sustained acquisition programme and supplemented by a recently entered tourist and lifestyle park segment (Emerald, Coral Tree Lodge, Hillside Garden Village, Benalla, Nagambie, Frenchview, and Paynesville Parks).

The core operating platform comprises on-site village management services delivered by an in-house team (covering maintenance, communal facilities, and resident services) and a privacy-compliant care-referral framework operationalised through the Eureka Cares sub-brand, which coordinates with third-party healthcare providers on behalf of residents. Revenue is generated through recurring weekly or periodic rent from individual tenants, supplemented by managed services for properties Eureka does not necessarily own. Distribution is direct-to-consumer via dedicated sites (eurekavillages.com.au, eurekacares.com.au) alongside enterprise-level engagement with vendors and government stakeholders for acquisitions.

Financing of the acquisition-led growth model relies on a combination of ASX-listed equity capital and debt, most recently an upsized A$185 million debt facility (December 2025) and a Westpac Social Loan (November 2025), following a capital raise in November 2024 that contributed to an 8.3% EPS decline in H1 FY2026. H1 FY2026 results showed revenue of A$27.0 million (up 19.7%) and Underlying EBITDA of A$9.1 million (up 11.2%), with management introducing a new Annualised Recurring Revenue metric of A$51.9 million (up 17% YoY). The company's stated strategic ambition is to become the largest owner/operator of affordable seniors' accommodation in Australia.

Name

Eureka Group Holdings

Legal name

Eureka Group Holdings Ltd

Website

https://eurekagroupholdings.com.au

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Eureka Group Holdings (ASX: EGH) is an Australian publicly listed owner and operator of affordable build-to-rent seniors' rental villages and tourist parks, serving independent seniors and disability pensioners across 52 villages and 2,800+ units in 6 Australian states with no entry or exit fees.

Ownership category

akta.pro rank

Product category

Senior Living Rental Accommodation

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Services for the Elderly and Persons with Disabilities (624120), Services for the Elderly and Persons with Disabilities (62412)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

General Assisted Living Facilities (HLADABAA)

akta.pro secondary industries

Independent Living with Supportive Services (Light ADL/IADL Support) (HLADAAAE), Elder Services & Aging Support (BPAGAEAF), Active Adult / Senior Community Association Management (BPAJAHAJ), Disability Employment & Vocational Rehabilitation (VR) Programs (EDAAAOAI)

Keywords

• Seniors rental accommodation
• Independent living communities
• Build-to-rent housing
• Tourist park operations
• Village management services

Headquarters

HQ city

Southport

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Rental Income from Owned and Managed Seniors' Villages: Recurring weekly/periodic rent from residents in 52 owned or managed villages across 6 Australian states, with no entry or exit fees; 2,800+ units owned or managed. Organic rent growth was a driver of 19.7% revenue growth in H1 FY2026.
2. Tourist Park and Lifestyle Park Rentals: Revenue from newly acquired tourist and lifestyle parks (e.g., Frenchview, Paynesville, Nagambie, Benalla, Hillside Garden Village, Coral Tree Lodge, Emerald) introduced in FY2026, scaling into a new recurring rental segment.
3. Property Acquisitions Adding to Owned Portfolio: Nine acquisitions totaling approximately $88 million over the period added rental-bearing assets to the owned portfolio, expanding the recurring revenue base through inorganic growth.
4. Village Management Services to Third-Party Owners: Management services for independent seniors' villages, including on-site operations and resident services; provided by an in-house management team to properties Eureka does not necessarily own.

Pricing tiers

Go-to-market motion2 records

Core offering

Eureka Group Holdings owns, operates, and manages affordable rental accommodation villages for independent seniors and disability pensioners across Australia, structured around a build-to-rent model with no entry or exit fees. The company owns or manages 52 villages with more than 2,800 units across 6 Australian states, delivering community-based independent living through the Eureka Villages brand and care coordination through the Eureka Cares brand. A growing tourist park segment (Emerald, Coral Tree Lodge, Benalla, Hillside Garden, Nagambie, Frenchview, Paynesville) supplements the core seniors accommodation portfolio.

Product overview

Eureka Group Holdings is a single-platform real estate and accommodation business focused on affordable build-to-rent seniors and disability pensioner housing, structured around a core portfolio (Eureka Group Holdings, ASX: EGH) that owns or manages 52 villages and more than 2,800 units across 6 Australian states. The offering is operationalised through the Eureka Villages sub-brand, which delivers the independent seniors living experience, and the Eureka Cares sub-brand, which provides resident care and support services. Together these elements form an integrated accommodation-and-care platform without entry or exit fees, complemented by village management services and a growing tourist park segment.

Differentiator

Problem solved

Functional benefit

Brands

• Eureka Villages: Eureka's dedicated brand/site for its seniors' rental villages network across Australia (eurekavillages.com.au).
• Eureka Cares

Products and services

• Eureka Villages - Affordable Seniors Rental Accommodation

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Ingenia Communities Group: ASX-listed owner-operator of seniors rental and lifestyle communities across Australia with a build-to-rent model and similar acquisition-led growth strategy, making it the closest direct comparable to Eureka in both business model and geography.
• Lifestyle Communities: ASX-listed developer and operator of affordable, independent living communities for downsizing Australians, with comparable rental product targeting the budget retiree segment that Eureka serves.
• Aveo Group: One of Australia's largest retirement living operators, providing independent living, serviced apartments, and care across a national portfolio; a direct competitor in the seniors accommodation category, although skewed to higher-end strata and serviced models.
• Gateway Lifestyle Operations: Australian operator of manufactured home estates and land-lease communities for over-50s, sharing Eureka's affordable, community-oriented rental living model targeting older Australians.

Broad incumbents

• Stockland Retirement Living: Diversified property developer Stockland operates a sizable retirement living portfolio alongside residential and commercial assets, providing overlapping capability with Eureka but as part of a much larger, mixed-asset platform.
• Lendlease Retirement Living: Major Australian diversified property group with retirement living operations competing in the seniors housing segment, but as one segment within a much broader development, construction, and investment management portfolio.

Regional players

• Ryman Healthcare: Large New Zealand and Australian operator of integrated retirement villages and aged care, with a comparable build-and-operate model targeting independent seniors, but primarily serving New Zealand rather than competing directly in Eureka's Australian villages.
• Summerset Group Holdings: New Zealand-listed operator of retirement villages offering independent and assisted living, structurally similar to Eureka's integrated accommodation-and-care platform but focused on the NZ market.
• Arvida Group: NZ-listed retirement village and aged care operator with a recurring revenue model and care service offering analogous to Eureka, serving as a useful regional benchmark for the build-to-rent plus care thesis.

Others

• Bolton Clarke: Major Australian aged care and retirement living provider; comparable through its care service offering (similar to Eureka Cares) and seniors accommodation footprint, though primarily focused on residential aged care rather than independent rental living.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks2 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eureka Group Holdings