Most property owners can only dream of being mortgage-free, but one lucky NSW resident is well on their way to living out that fantasy.
The western Sydney woman was gobsmacked learning she had won a whopping $200,000 in cash earlier this week, after taking out the Lucky Lotteries mega jackpot prize.
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While she joked she had been “hoping for millions”, the excited winner said she knew exactly how she would spend the money — in a way that would give her the satisfaction of financial freedom.
“I will be sensible and pay some bills but it will feel so great to put this towards my mortgage,” the anonymous woman said.
The blessed ticket made up of random numbers was sold at a newsagency in Jordan Springs, a Penrith suburb and masterplanned community where the median house price is $735,000 and the median cost of units is $680,000.
Should she own a new property in the area, the woman could be looking at slashing her home loan by up to 30 per cent.
In the midst of tighter lending conditions and a dip in property values affecting the majority of Sydneysiders, the woman’s win has come at the perfect time.
If she were to change her mind, there is also the opportunity to snap up another nearby home for a cheap or discounted price.
CoreLogic data shows Jordan Springs home prices have risen less than one per cent in the past 12 months, while neighbouring suburb Cranebrook has seen its median price drop from $670,000 to $650,000 in one year.
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Either way, as the fortunate woman celebrates her win with family, residents are flocking to the local newsagent.
Jordan Springs Newsagency owner Jack Miao wished the winner well and said the popular shop had been “selling lots of winning entries lately”.
“We hope that the good luck in our outlet will continue,” he said.