Whether you’re looking for a sea change, a tree change, a big bit of bling or a slick new set of hot wheels, the list of luxury items you could buy with $1.5 million is endless.
We’ve taken the legwork out of it and present our Top 10 hot items:
1. Invest in a swanky inner-city apartment
Head to realestate.com.au to scope out the best options in the Perth CBD. Add a bit of change and you could walk away with this elegant multilevel vertical penthouse on Adelaide Terrace, described as “The Manhattan Where Luxury Lives Forever”.
You can almost taste the posh.
2. Make a sea change
Imagine waking up to this each morning: “This superb must-see property possesses a relaxed coastal vibe like no other with the theme of stylish crisp coastal whites offset by blue ocean vistas from almost every room in the house.”
This Lancelin property nestled amid the sand dunes is how the rest of the world pictures Australians live. Now you can realise that stereotype.
How’s the serenity…
3. Or a tree change
Got a jones on for a bit of wanderlust but border restrictions got you down?
Make a tree change to Margies and enjoy the best of both worlds with bush, beach and forest all within cooee of this stunning $1,500,000 retreat on Eucalyptus Court.
4. Upgrade your ride
According to carsales.com.au, drop a third of your winnings on a 2021 Porsche 911 Turbo S 992 for $558,516 driveway to get heads turning.
If convertibles aren’t to your taste, a more sophisticated 2021 Bentley Flying Spur might suit for $552,536.
5. Get blingy with it
Got diamonds on your mind? Look no further than a full carat Argyle pink diamond.
This beauty will set you back a cool $990,000.00, leaving $510,000 to spare for this and that.
If pearls are more your thing, you can get more bang for your buck and splash out on several of WA’s finest to clutch when the buyer’s remorse sets in.
6. Go high-brow
Go the high-brow route and buy up some art. Works by the great masters are within reach of the millionaire.
Impressionist masterpiece Jeune Femme a L’Ombrelle (Young Lady With the Umbrella) by Auguste Renoir from 1868 was auctioned by Sotheby’s in 2009 for USD1.1 million (AUD1.55 million).
Australia’s stunning Indigenous art might be a less stuffy option.
7. Create an enviable vintage wine collection
In July 2021 a bottle of 1951 Penfolds Grange was sold at auction for a record-breaking $142,131, making it the most expensive bottle of Australian wine ever sold.
In December 2020, a full set of 64 Grange bottles dating from 1951 to 2014 sold for $430,000.
Not a bad bit of plonk to level up your wine cellar.
8. Go go gadgets
Water signs and Beatles fans alike take heart, you too can live beneath the waves in a yellow submarine. Your own personal submarine.
Triton offers the chance to explore the mysteries of the underwater world in your own bespoke submersible.
No sea legs? No worries. How about a giant robot warrior instead?
Japanese developer Kuratas has built an 18m-tall, 24-ton behemoth that can move independently that is equal parts fascinating as it is terrifying.
9. Style it up
Ditch the double-pluggers and threadbare kit and hit King Street or the Claremont Quarter and splash out on high-end labels.
Think luxury retailers such as Mui Mui, Tiffany, Carla Zampatti, Chanel and Louis Vuitton, dahling.
10. Give the gift of life
Last, but in no way least, winners could donate a portion of their dollars to a worthy cause.
The Australian Red Cross, UNICEF, World Vision, The Smith Family, WIRES wildlife rescue, Medecins Sans Frontieres, The Salvation Army Australia, Cancer Council Australia, Beyond Blue and Amnesty International are all good places to start.