What Happens If You Win the Buderim Prize Home?

Imagine this: You’re sipping coffee on a sun-drenched alfresco area, overlooking your magnesium pool. The breeze is soft, the birds are singing, and you’re not on holiday – you live here, in Buderim. That’s the magic of winning a Prize Home. But what actually happens when your ticket is drawn?

Let’s break it down.

First Things First: How will I know I've won?

If your ticket is the lucky one, Endeavour Foundation will contact you directly, usually by phone and email. You’ll also see your name announced on the website and social channels. So yes, it’s real. And yes, you’ll probably scream or be in shock. 

What Do I Need to Do Legally?

You’ll sign some paperwork to officially transfer ownership of the home to you. Our team handles most of the heavy lifting, including legal and conveyancing support.  

Do I Have to Pay Tax?

In Australia, Prize Homes are generally tax-free for the winner. That means you get the house, the furniture, and any extras included without a tax bill, but only if you choose to keep the home. (Always check with a financial advisor for your personal situation.)

Will I Have to Pay Capital Gains Tax If I Sell the Prize Home?

Short answer: It depends on what you do with the home after you win it.

You can avoid paying CGT if:

• You move into the home and make it your principal place of residence.
• You live there for at least a few months and don’t rent it out.

This qualifies you for the main residence exemption, meaning you won’t pay CGT when you sell. 
However, if you choose to rent it out or sell it without living in it, CGT may apply. In that case, the tax is generally calculated on the difference between the home’s value when you won it and the price you sell it for.

Always consult a financial advisor to understand how CGT applies to your personal situation. 

Can I Move in Right Away?

Absolutely! The Buderim Prize Home is fully furnished and move-in ready. You could be living in luxury within weeks of the draw. All you need to bring is your wardrobe and a toothbrush.

What If I Don’t Want to Live There?

You’ve got options:

• Live in it and enjoy the dream.
• Rent it out for passive income.
• Sell it and use the money however you like. Buderim is in a high-demand area, so any of these choices are a win.

Why Buderim Is Booming - and Why That Matters

Buderim isn’t just beautiful, it’s become one of Queensland’s most in-demand property hotspots, with house prices rising steadily year-on-year. In 2025, the median house price sits at $1.25 million, up 4.5% from last year, while units have surged by over 10%. [martinuzzi.com.au], [andreamonti.com.au]

What’s driving the boom?

• High buyer demand: Over 8,000 active buyers are searching for homes in Buderim.
• Limited supply: Low inventory means homes sell fast and prices stay strong.
• Lifestyle appeal: Families, retirees, and investors are drawn to Buderim’s mix of nature, community, and convenience.

Winning a home here isn’t just lucky, it’s strategic. Whether you live in it, lease it, or sell it, you’re stepping into a suburb with serious growth potential.

*We recommend speaking with a qualified advisor to understand how property trends and tax implications may apply to your personal circumstances.

What Costs Are Covered?

Endeavour Foundation makes sure your first steps into Prize Home ownership are smooth:

• Security fees? We pay the first 6 months of security monitoring.
• Council rates and water access? Covered. You’ll receive $10,000 in cashable gold to cover local council rates and water/sewerage access fees for the first 12 months, moving fees. You choose!
• Insurance? We advise all winners to organise home and contents insurance from the day of handover, and we’ll supply all the necessary details to make it easy.

What Makes the Buderim Prize Home So Special?

This isn’t just a house – it’s a lifestyle upgrade.  

• Designer interiors with a coastal-meets-hinterland vibe
• A primary wing, complete with a spa-like ensuite, and an enormous walk-in-robe
• Outdoor entertaining area with a magnesium pool
• Minutes from beaches, cafes, and nature trails

It’s the kind of place that makes you feel like you’ve stepped into a wellness retreat every single day. 

Winning a Prize Home isn’t just about bricks and mortar. It’s about possibility. It’s about waking up in Buderim and realising that one decision changed everything. 

What Does My Ticket Support? 

Every ticket helps fund services for people with disability through Endeavour Foundation. So even if you don’t win, you’re still changing lives. 

Buy your ticket now