Room to improve

Prize can get better with time

THE winner of the next RSL Art Union Prize Home Lottery will hit the ultimate jackpot.

The $1.18 million waterfront home on offer is tipped to become much more valuable off the back of a booming market.

RSL Art Union general manager Tracey Bishop said the two-storey, four-bedroom Helensvale property could be just the start of the winners’ good fortune.

“The $1.18 million prize home may have the potential to become increasingly valuable over the next few years,” she said. “That’s potentially a happy complication for the next winners if they had an initial inclination to sell their prize straight away.”

Savills director Christopher Jones said leasing the property out would also make a “tidy profit”, with a rental return of about $48,000 a year. Also included in the prize is $1 million in cashable gold, furniture worth $136,000, more than $14,000 in electrical appliances, all rates and water paid for a year and a $2000 travel voucher.

Tickets are $5 and on sale until May 28 with the prize being drawn two days later.