Can You Rent Out a Prize Home?
By Win A Home Editorial · 10 June 2026
Can prize home winners rent out the property? Tenancy rules, main residence CGT exemption, indicative rental yields on Gold Coast and Sunshine Coast prize ho...
Editorial note: General information only — not tax, legal, or financial advice. Rules change by draw and state; confirm on the operator’s official terms before purchasing or accepting a prize. Last updated June 2026.
Quick answer: Yes — once legal title passes to you, you may generally rent a prize home subject to council rules and strata bylaws — but main-residence CGT exemption usually requires you to live there, and rental income is assessable.
Tenancy and strata
Check body corporate bylaws for minimum lease terms, Airbnb restrictions, and pet policies. Council short-term rental registration may apply in QLD coastal zones.
Tax themes
- Rental income is assessable.
- Expenses may be deductible against rent — get accounting advice.
- Main residence CGT exemption erodes for periods the home is rented and you live elsewhere.
Indicative yields on prize home suburbs
Premium Gold Coast or Sunshine Coast homes might gross 3–5% before costs — often insufficient to cover holding costs on a trophy asset without strong capital growth.
Related: Sell or keep · CGT
Frequently asked questions
Can operators force you to live in the home?
Rarely for major art unions — but read occupancy clauses in niche promotions.
Compare draws & keep reading
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Frequently asked questions
- Can operators force you to live in the home?
- Rarely for major art unions — but read occupancy clauses in niche promotions.