Frequently Asked Questions
Can I keep and rent out the apartments?
Yes, you can, it’s your choice whatever you decide to do with the prize. You could move into any of the three apartments, keep all three and rent them out for an estimated income of $104,520 a year, or sell them for the market value. This is subject to market variations depending when you rent out the apartments.
Do I have to pay tax if I sell?
You can sell the apartments tax free at the prize value. If you sell at a higher rate than its value, then capital gains on the difference may apply. There may also be land tax implications but this is dependent on your personal circumstances. We advise the winner to contact a financial advisor for comprehensive tax advice relative to your personal circumstances.
If I win do I have to pay to travel to the homes?
First prize includes a $2,000 travel voucher for you to use to visit the home.
If I win the Loyal Supporter Draw do I have to go to the USA?
No. The prize comes in the form of a Flight Centre voucher and gold bullion. It is completely up to you how you spend these items.
When were the apartment blocks built?
The Kawana Island apartment was built in 2007, the Brisbane apartment in 2014 and the Southport apartment in 2016.
What are the sizes of the apartments?
Kawana Island: 172 sqm (including the roof terrace) Brisbane: 90 sqm Southport: 83 sqm
Do the homes have wheelchair access?
Each apartment complex features a lift, but there are stairs in the Kawana apartment to the rooftop terrace.
Can I visit the apartments?
Unfortunately the apartments are not open for viewing, but you can take a virtual tour!
Is there parking?
The Kawana Island apartment has secure parking for two cars and storage, both the Brisbane and Southport apartments have secure parking for one car.
Can I have pets in the homes?
Pets are subject to body corporate approval.
What type of energy is connected?
There is electricity connected in each apartment.
Is there air conditioning?
Yes, there is air conditioning throughout the homes.
Are the homes fitted with a security system and intercom?
Yes, all three apartments have security and intercom systems.
How much are the rates, water and body corporate?
Rates, water and body corporate are paid for the first 12 months as part of the first prize.
- Kawana Island: $10,442
- Brisbane: $7,217
- Southport: $6,883
Are there any shared complex facilities, like a pool, gym or BBQ area?
- Kawana Island: Outdoor swimming pool, BBQ area and full-sized tennis court.
- Brisbane: Indoor and outdoor swimming pool, garden area, sauna, gym and BBQ area.
- Southport: Outdoor pool, spa, sauna, gym and BBQ area.
Are legal fees covered for first prize?
Yes, legal transfer fees are paid for, valued at $4,125 ($1,375 for each apartment).
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.