Yourtown Cash Option Guide: Win Money Instead of Homes

Q: How does Yourtown's cash option work in prize home draws?

Yourtown offers cash alternatives in select prize home draws, typically ranging from 60-80% of the property's value. Winners can choose between the physical prize home or the predetermined cash amount, which is usually specified in the draw terms before entries open. This flexibility allows winners to avoid property ownership responsibilities while still receiving substantial prizes.

Q: What are the tax implications of winning cash vs property with Yourtown?

Under Australian tax law, both cash and property prizes are generally tax-free for individual winners as they're considered windfalls, not income. However, cash prizes may be easier to manage as you avoid stamp duty, ongoing property costs, and potential capital gains tax if you later sell a prize home. Always consult a tax professional for your specific circumstances.

Q: Can I choose the cash option after winning a Yourtown prize home?

The cash option must typically be selected at the time of entry, not after winning. Yourtown specifies in their draw conditions whether cash alternatives are available and how to elect this option. Some draws offer automatic cash alternatives, while others require you to tick a specific box during the entry process.

Q: How much cash can I win instead of a Yourtown prize home?

Yourtown cash alternatives typically range from $400,000 to over $1 million, depending on the prize home's value. For example, a $1.2 million Gold Coast home might offer an $800,000 cash alternative. The exact amount is predetermined and published in the draw terms, usually calculated as 65-75% of the property's market value.

Win Cash Option with Yourtown Prize Homes: Your Complete Guide to Prize Draw Flexibility

By Gary Oldman · 20 February 2026

Discover how Yourtown's cash option gives winners ultimate flexibility. Take the dream home or cash value - your choice for maximum financial freedom.

Quick Answer: Yourtown prize homes offer cash worth the full prize value. For example, get $2.8M cash instead of a $2.8M home package. Winners can invest the money however they want. Most people dream of winning a new home. But what if you could take cash instead? Yourtown prize homes let you do exactly this. You can pick the cash value or keep the house. This choice makes Yourtown popular across Australia. The charity helps young people in need. What Is Yourtown's Cash Option? Yourtown's cash option is simple. You win the draw? You can take cash instead of the house. The cash equals the full prize value. You get the exact amount advertised. This isn't less money. It's the complete prize, in cash. Yourtown has run draws for many years. They always offer this choice to winners. Not all lottery operators do this. How the Cash Value Is Determined The cash amount is based on the total prize value. This includes the house, furniture, and extra prizes. For example: A prize worth $2.8 million. This includes a $2.5M home, $200K furniture, and $100K extras. You get the full $2.8M in cash. Winners know exactly what they're choosing. There are no hidden fees or reductions. Benefits of Choosing the Cash Option Financial Flexibility Cash gives you freedom. You can invest in any property market. You can buy multiple homes or pay off debts. You can diversify your money. Financial advisers often suggest taking cash. Your funds won't be stuck in one house. No Location Constraints Prize homes are in nice areas. But they might not be where you live. Maybe the house is on the Gold Coast and you're in Melbourne. Cash means you stay where you are. You don't need to move. You keep your job and family nearby.