Frequently Asked Questions
Can I keep and rent out the villas?
Yes, you can, it’s your choice whatever you decide to do with the prize. You could move into any of the three villas, keep all three and rent them out for an estimated income of $145,600 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 Hawaii?
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 villas built?
The development was complete in 2017.
What are the sizes of the apartments?
Villa 1: 296 SQM Villa 2: 294 SQM Villa 3: 291 SQM
Do the homes have wheelchair access?
Each villa is double storey, and unfortunately does not feature wheelchair access to the second level.
Can I visit the apartments?
Yes! Villas 1 & 3 will be open from 2nd March, 2018 until 19th April. You can visit between 10am - 6pm, seven days a week.
Is there parking?
Villa 1 features a secure garage for four cars and both Villa 2 and 3 feature a secure garage for 2 cars.
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 villa.
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?
Included in first prize is $15,000 gold which will cover rates, water and body corporate for the first 12 months.
Are there any shared complex facilities, like a pool, gym or BBQ area?
Each luxury villa features its own stunning pool and al fresco area and BBQ.
Are legal fees covered for first prize?
Yes, legal transfer fees are paid for, valued at $4,125 ($1,375 for each villa).