Yourtown Prize Home Cash Option: Complete Guide 2024 - Win A Home

Q: How much cash does Yourtown offer instead of the prize home?

Yourtown typically offers cash alternatives valued at 70-80% of the advertised property prize value. For example, if the prize home is valued at $1.2 million, the cash option would be approximately $840,000 to $960,000. The exact percentage varies by draw and is disclosed in the terms and conditions.

Q: Are there tax implications for choosing Yourtown's cash option?

Yes, both cash and property prizes from Yourtown are considered assessable income by the ATO. However, cash prizes may result in immediate tax obligations, while property allows you to manage capital gains through timing of sale. Winners should consult a tax professional as prize winnings can push you into higher tax brackets.

Q: How long does it take to receive the cash payout from Yourtown?

Yourtown generally processes cash payouts within 30-60 days after the draw is finalised and all compliance requirements are met. This includes identity verification, media obligations, and any required gaming commission approvals under Queensland's Charitable and Non-Profit Gaming Act.

Q: Can I change my mind after choosing the cash option with Yourtown?

No, once you've officially selected the cash option and signed the relevant documentation, the decision is final. Yourtown requires winners to make their choice within a specified timeframe (usually 30 days) and this decision cannot be reversed once confirmed in writing.

Q: Why would someone choose cash over a Yourtown prize home?

Winners often choose cash for immediate liquidity, to avoid ongoing property costs like council rates and maintenance, or when the property location doesn't suit their lifestyle. Cash also provides flexibility to purchase a property in their preferred location or invest differently, despite receiving less than the full advertised prize value.

Yourtown Prize Homes: Understanding the Cash Option for Australian Draw Winners

By Gary Oldman · 20 February 2026

Complete guide to Yourtown's cash option for prize home winners. Learn the pros, cons, and decision factors for this flexible alternative.

Quick Answer: Yourtown's cash option lets winners take cash instead of a home. You get slightly less cash than the home's value. For example, $2.2M cash instead of a $2.5M home. When you buy a Yourtown prize home ticket, you support a children's charity. You also get a chance to win a great property. But what if you win and don't want the home? That's where Yourtown's cash option helps. Yourtown, formerly BoysTown, runs prize home draws across Australia. They offer attractive properties and raise money for youth services. Their cash option gives winners flexibility. Many other prize home operators don't offer this choice. What is Yourtown's Cash Option? The cash option lets major prize winners get cash instead of a home. This isn't the home's market value. It's a set amount named before ticket sales start. For example, a $2.5 million home might pay $2.2 million in cash. The cash amount is usually a bit less than the home's value. How Yourtown Sets the Cash Amount Yourtown calculates the cash option using several factors: Property valuation: Independent experts value the home Associated costs: Stamp duty and legal fees are considered Market conditions: Current property trends affect the calculation Immediate liquidity premium: Cash now is worth more than waiting Important Note: The cash amount stays fixed when announced. Property market changes won't affect it. Advantages of Choosing Cash Get Money Right Away You get cash immediately instead of owning a home. You can invest the money or pay off debts. You can also buy a home that suits you better in another location. Skip Stamp Duty Prize homes normally mean you pay stamp duty. This can be tens of thousands of dollars. With the cash option, you skip this cost entirely. Choose Your Location Yourtown homes are across Australia. You