$5.78M Mermaid Waters Prize Home: yourtown Draw 562 Closes 22 December — Odds & Charity Breakdown

$5.78M Mermaid Waters Prize Home: yourtown Draw 562 Closes 22 December 2026

A fully furnished $5.78 million beachside home in Mermaid Waters is the prize in yourtown Draw 562, with tickets closing on 22 December 2026. Every $15 ticket funds Kids Helpline and crisis support for at-risk young Australians. This Gold Coast luxury property offers a rare chance to win a premium waterfront residence whilst supporting one of Australia's most trusted youth charities.

ACNC-registered charity lottery. Must be 18+. See ACNC Register for full charity details.

About yourtown

yourtown is an ACNC-registered charity (ABN 11 102 379 386) supporting at-risk young Australians through essential services. Operating Kids Helpline, a 24/7 counselling service, yourtown reaches children and young people in crisis across the country. Prize home draws like yourtown Draw 562 fund these vital programs. According to the ACNC Register, yourtown delivers crisis accommodation, education, employment support, and mental health services to vulnerable youth.

Kids Helpline answered over 400,000 counselling calls in recent years, establishing itself as one of Australia's largest youth crisis services. Each ticket purchased for yourtown Draw 562 directly funds call-answering services and crisis support programs. The charity focuses on young people aged 5–25 experiencing family conflict, bullying, self-harm, or homelessness. Revenue from prize home draws helps the organisation expand capacity during peak demand periods and reach more young Australians in need.

The Prize: $5.78M Mermaid Waters Beachside Home

The first prize in yourtown Draw 562 is a fully furnished, luxury beachside residence valued at $5,778,000. Located at 47 Vatakoula Parade, Mermaid Waters, Queensland 4218, this property sits in one of the Gold Coast's most sought-after waterfront precincts. Premium addresses in Mermaid Waters typically command strong rental yields and capital appreciation, making this prize particularly attractive to property investors and lifestyle buyers alike.

Property Specifications:

• 5 Bedrooms
• 5 Bathrooms + 1 Powder Room
• 2 Car Spaces
• 6.6 kW Solar System
• Ducted Heating & Air Conditioning
• Fully Furnished (included in prize package)

The home comes fully furnished, meaning the winner receives all interior fittings and furnishings as part of the $5.78 million package. Solar panels reduce ongoing energy costs, whilst ducted climate control is essential in Queensland's subtropical climate. The 5-bedroom layout suits families or investors seeking a premium rental property on the Gold Coast's most desirable beachfront strip.

The Odds: How yourtown Draw 562 Compares

Charity lotteries like yourtown Draw 562 operate with a fixed ticket pool, unlike government lotteries (Powerball, Saturday Lotto) which sell unlimited tickets. This structure means your odds depend entirely on how many tickets are sold before the draw closes.

Charity lottery odds depend on total tickets sold. Figures above are estimates unless sourced from the lottery operator.

Where the Money Goes

yourtown is required to file annual financial statements with the ACNC. The organisation's most recent filings show that the majority of revenue from prize home draws is allocated to program delivery. You can verify yourtown's financial disclosures on the ACNC Register, which lists all registered charities and their annual reports.

Kids Helpline is the primary beneficiary of yourtown Draw 562 ticket revenue. The service operates 24/7 and is accessible to all young Australians free of charge. According to yourtown's mission statement, the organisation prioritises counselling capacity, crisis accommodation, and employment programs for at-risk youth. Each $15 ticket contributes directly to these services.

Enter yourtown Draw 562

Tax Treatment of Prize Home Winnings

• Lottery winnings are not assessable income — the ATO does not tax the win itself.
• Interest and investment returns earned from winnings are taxable in the year earned.
• CGT applies if you invest winnings in shares or property and sell later at a profit.
• The operator pays stamp duty and transfer costs on the prize property; land tax applies later only if you keep it as an investment rather than your main residence.

Get advice from a registered accountant for your specific situation. See the ATO's guide on prizes and awards for official tax treatment.

Frequently Asked Questions

Is yourtown a legitimate registered charity?

Yes. yourtown is ACNC-registered under ABN 11 102 379 386. You can verify its charity status and view annual financial reports on the ACNC Register. The organisation operates Kids Helpline, a nationally recognised youth crisis service.

What are my real odds of winning yourtown Draw 562?

Your odds depend on how many tickets are sold before 22 December 2026. Charity lotteries cap ticket sales, typically at 400,000–500,000 tickets. If Draw 562 sells 500,000 tickets, your odds are roughly 1 in 500,000 per ticket — far better than Powerball (1 in 134 million) but still a long shot. The exact pool size will be confirmed by yourtown closer to the draw date.

What happens if I win — do I have to move into the property?

No. You own the property outright and can choose to live in it, rent it out, or sell it. The Mermaid Waters location is a premium investment area; many winners rent out prize homes and use the rental income. You are responsible for all costs (rates, maintenance, insurance) from the moment you take possession.

Can I sell the prize home if I win?

Yes. Once you own the property, you can sell it at any time. Capital gains tax applies if you sell at a profit, but only on the gain — not on the original prize value. Many prize home winners sell within 1–2 years to access the equity.

Do I pay tax on the prize home itself?

The prize (the home's value) is not assessable income, so you don't pay income tax on it. However, if you own it as an investment property (rent it out), you pay land tax annually and can claim deductions for expenses. If it's your main residence, you're exempt from land tax. Consult an accountant to confirm your liability based on your state and intended use.

What does yourtown do with lottery profits?

yourtown allocates the majority of prize home draw revenue to Kids Helpline operations, crisis accommodation, education, and employment support programs. The charity serves young people aged 5–25 experiencing family conflict, bullying, self-harm, and homelessness. Annual financial reports are available on the ACNC Register for full transparency.

Tickets close 22 December 2026. Must be 18+ to enter. Win A Home is an independent directory.