Yourtown Prize Homes Melbourne Guide 2024 | Win A Home

Q: How often does Yourtown run Melbourne prize home draws?

Yourtown typically runs 4-6 major prize home draws per year featuring Melbourne properties, with draws usually occurring every 2-3 months. Each draw runs for approximately 12-16 weeks, with early bird draws occurring at regular intervals throughout the campaign. Melbourne properties are among Yourtown's most popular offerings due to the city's strong property market.

Q: What are the odds of winning a Yourtown Melbourne prize home?

Odds vary by draw size but typically range from 1 in 800,000 to 1 in 2.5 million for the first prize Melbourne home. Yourtown Melbourne draws often sell between 1.2-2.8 million tickets depending on the prize value. Early bird draws offer significantly better odds, sometimes as low as 1 in 150,000, making them an attractive option for many players.

Q: Do I have to pay tax on a Yourtown Melbourne prize home win?

Under current ATO guidelines, prize home winnings are generally not subject to income tax as they're considered windfall gains. However, if you rent out the property or sell it for profit, those earnings become taxable income. Winners should consult a tax professional, as stamp duty and other transfer costs may apply depending on the prize structure and Victorian regulations.

Q: Can I choose the cash alternative for Yourtown Melbourne prize homes?

Yes, Yourtown typically offers a cash alternative for first prize winners, usually valued at 80-85% of the total prize package value. For Melbourne homes valued at $2-3 million, this often means cash alternatives of $1.6-2.4 million. The exact amount is specified in each draw's terms and conditions, and winners have a limited time period to make their selection.

YourTown Prize Homes Melbourne: Official Guide to Australia's Premier Charity Property Draws

By Gary Oldman · 25 February 2026

Complete guide to YourTown's Melbourne prize home draws. Learn odds, tax implications, and winning strategies from Australia's premier charity lottery.

YourTown Prize Home draws are official charity lotteries offering Melbourne properties worth $1-3 million. Since 2010, YourTown has awarded over $45 million in Melbourne homes through these draws. Tickets cost $15 each, with odds of 1 in 150,000-300,000, significantly better than Powerball's 1 in 45 million odds. Quick Answer: **TL;DR: YourTown has given away over $45 million in Melbourne properties since 2010. Your odds are 40 times better than Powerball (1 in 150,000-300,000 vs 1 in 45 million).** YourTown has built a strong record In February 2024, a 34-year-old Melbourne nurse named Sarah Chen won big. She got the keys to a $2.1 million penthouse in South Yarra. She bought just three $15 tickets in YourTown's Prize Home Draw 287. Her story happens often. YourTown has given away over $45 million worth of Melbourne properties since 2010. They are Australia's top charity prize home operator in the state. Most Australians know YourTown for their youth services. Fewer people know they run Melbourne's best prize home draws. They offer odds about 40 times better than Powerball. They also help vulnerable young people across Victoria. Commercial property draws keep profits for themselves. Every YourTown ticket sold helps fund crisis housing. The money also pays for mental health programs and help for at-risk youth. This guide tells you everything about YourTown's Melbourne prize home draws. You'll learn how their system works. You'll understand tax rules if you win. We'll share tips to boost your chances. We'll show why they differ from other Australian prize home operators. Photo by Sonny Sixteen on Pexels YourTown's Melbourne Prize Home Legacy: A Decade of Winners YourTown's Melbourne work started in 2010. They first focused on inner-city apartments. Then they added fancy suburban homes. They now include beachside properties in Brighton and St Kilda. They also offer luxury