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flag Corporate investors are buying Australian tourist parks to create affordable housing, with Eureka Group's $11.7M purchase of Benalla Park adding 176 long-term units.

flag Corporate investors are increasingly buying regional Australian tourist parks to address housing shortages, with Eureka Group acquiring Benalla Tourist Park in Victoria for $11.7 million. flag The 4.1-hectare site, with 145 revenue-generating spaces and approval to add 21 rental units, will expand to 176 long-term housing spots. flag Eureka, which operates 52 villages across six states, cited strong rental demand—1.3% vacancy rate and 8.5% annual rent growth since 2016—as key drivers. flag The purchase marks Eureka’s ninth acquisition in a year, with $100 million in potential deals pending. flag The trend reflects a broader shift toward repurposing caravan parks into affordable housing for retirees, key workers, and skilled tradespeople amid ongoing regional housing shortages.

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