Yahoo Finance How this couple turned a $5 raffle ticket into $3.25 million
Usually you win a meat tray or a soap and lotion hamper, but this couple won a house with their $5 raffle ticket.
Then they sold it for $3.25 million.
The North Curl Curl beach house was won by a local couple from Forestville in a nation-wide raffle for the RSL Art Union.
The RSL Art Union bought the property last year for $3.7 million.
Northern Beaches real estate agent, James Eyden of Clarke & Humel told news.com.au the couple never thought they would win the home, but were pleased to support the RSL Art Union.
And, the couple had only joined the RSL Art Union six weeks before their lucky scoop, the Union revealed.
The Union sold 3,450,000 tickets at $5 each, bringing in $17.25 million for the charity which supports veterans.
What’s the house like?
The property at 18 Austin Ave makes the most of its views to the ocean, with an outdoor entertaining area, modern kitchen and bathrooms, solar panelling and five bedrooms.
It also has floor heating and a 400 bottle wine cellar.
Property raffles increasingly popular
The RSL Art Union is currently raffling off an entire apartment complex, ‘The Golden Treasure’. The Gold Coast complex is 160 metres from the beach, with ocean views from all apartments.
The Union calculates the winner could earn $171,080 from the apartments while living in the penthouse.
Another winner bought a ticket while shopping at Boating Camping Fishing (BCF), where she signed up to the RSL Art Union.
This woman won a $2.7 million portfolio of three apartments in the Whitsundays, Melbourne and Sydney.
However, not all raffles are as successful as the RSL Art Union’s.
One mystery couple in the UK are raffling their $4.2 million home complete with a Rolls Royce and fully-stocked wine cellar.
However, the raffle was originally set to close in November but has been extended, suggesting it’s unlikely the couple will sell the required number of tickets.
UK competition and raffle site, Loquax, notes the likelihood of winning a property through these raffles is relatively slim, with many never going to raffle.
Of the 30 past raffles, all bar one had resulted in a cash prize or refund.
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