Frequently Asked Questions

When was the apartment block built?

How many apartments are in the building?
There are 22 apartments in the building.

Is there lift access to the penthouse?

Is the building secure?
Yes, the building is locked and only open to residents with key access.

Can I keep and rent this property? 
Yes you can, it’s your choice whatever you decide to do with the prize. If you rent the penthouse the estimated rental income is $75,400 per year. This is subject to market variations depending when you rent the home.

Do I have to pay tax on it if I sell? 
You can sell the prize tax free at the prize value. If you sell at a higher rate than its value then capital gains on the difference may apply. We advise the winner to contact a financial advisor for comprehensive tax advice relative to your personal circumstances.

How big is the penthouse?
The apartment is 200 sqm.

Is the rooftop terrace private?
Yes! Only the penthouse has access to the rooftop terrace.

How big is the rooftop terrace?
The private rooftop terrace is 42 sqm and has panoramic views of Sydney’s iconic city skyline and ANZAC Bridge.

How big is garage?
The penthouse has one car park space allocated in the complex garage, it is 6.5m x 2.7m plus storage. There is also an additional storage cage of 1.5m x 1m.

How much are the rates, water and body corporate fees?
Rates, water and body corporate fees are $3,758 per year and are paid for the first 12 months as part of the first prize.

Is the transfer duty paid for?
Yes, the transfer duty ($72,115) and legal fees ($1,375) are included as part of the prize.

Are there any shared complex facilities, like a pool, gym or BBQ area?
The building complex does not have any shared facilities.

What type of energy is connected?
There is gas and electricity connected to the home.

Does the penthouse have a security alarm?
Yes, there is an alarm system fitted in the home.

Does the penthouse have air conditioning?
Yes, there is ducted air conditioning throughout the home.

Are the windows double glazed? 
Yes, the bedroom windows are double glazed so you’ll have the perfect night’s sleep!

What brand are the appliances?
The home is equipped with the latest appliances including:

  • Fisher & Paykel refrigerator and freezer
  • Smeg microwave
  • Smeg stainless steel oven and gas cooktop
  • Smeg fully integrated dishwasher
  • Sunbeam coffee machine
  • Sunbeam kettle and toaster
  • Euromaid 5kg front loader washing machine
  • Simpson 5kg dryer

In addition, you’ll never be bored with a Samsung television in the in the living room with an LG home theatre system.

Is there a garage?
There is a secure car park for one car, plus storage space – a rare commodity in Sydney!

Can I have pets in the home?
This is subject to body corporate approval.

If I win do I have to pay to travel to the penthouse? 
The first prize package includes a $2,000 travel voucher for you to use to visit your prize home.

What can I do with the gold?
You might choose to sell the gold to start spending straight away – RSL will provide you with the paperwork so the money can be transferred to your bank account. Or you may choose to hold on to the gold as an investment, or perhaps sell some and keep some! Please note that gold selling costs and market variations do apply when selling gold bullion.