Million Dollar Moment | Great Southern Bank

Helping you save for a home is what we do.
Now here’s your chance to win one too!

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Million Dollar Moment

Helping you save for a home is what we do. Now here’s your chance to win one too!

Life is full of key moments. And for four lucky finalists, we’re giving them a chance to win a life-changing Million Dollar Moment – that’s $1M towards their homeownership dream!

So, how does it work?

We’ll have a Great Southern Bank home, containing 400 balls numbered 1 to 400. One of those numbered balls will be the magic ball – the key to unlocking the $1M prize. To find it, our finalists will have 20 seconds inside the house to choose a ball they hope will be the winning Million Dollar Moment.

How do I get involved?

To play along, simply enter via the form below between 11 March to 31 July 2024.

Four finalists will be drawn, each receiving a $2,000 boost to their home deposit, plus the chance to compete for the ultimate prize – the Million Dollar Moment on 23 August 2024.

For your shot at the Million Dollar Moment and a chance to win $1M towards a home, enter now!

Thanks for entering!

We’re excited to confirm you are in with a chance to take part in the Million Dollar Moment.

Fill out our short survey below for one bonus entry!

Thanks for completing our short survey, and we wish you the best of luck in winning.

Competition FAQs

Entrants must be Australian residents, 18 years or older and living in QLD, NSW, VIC, TAS, WA, NT or ACT.

Entries for the Million Dollar Moment promotion will be open from 11 March until 31 July 2024. There will be four draws to select four finalists, each winning $2,000 as a boost to their home savings, plus the chance to unlock the Million Dollar Moment prize on 23 August 2024 at Queensbridge Square, Melbourne.

Consumers can have one entry into the promotion with their entry valid for any remaining draws.

The four finalists will enter the Great Southern Bank home with 400 balls labelled 1 to 400. Only one of these balls will be the lucky, winning number ball. The finalists will have 20 seconds to select the ball they think will win.

A third-party judge will then review the choices and notify if one of the finalists has won the $1,000,000 prize or not. If one of the finalists has chosen the winning ball, they will win the $1,000,000 prize.

If none of the four finalists have selected the winning ball, then they will each receive a consolation prize of $10,000 to support them on their home ownership journey.

There will be four draws over the promotional period, taking place on:

  • 18 April
  • 23 May
  • 27 June
  • 1 August

Each of the four finalists will receive a savings boost of $2,000 when they are selected, as well as the chance to take part in the chance to win $1,000,000. The bonus $2,000 can be put towards the finalists’ house deposit or something else they’re saving for.

Great Southern Bank will also compensate travel and accommodation costs for the four finalists to be at Queensbridge Square, Melbourne, provided they live further than 50km from Melbourne.

The four finalists will take part in the Million Dollar Moment activation on 23 August 2024 at Queensbridge Square in Melbourne for their chance to win their Million Dollar Moment.

If a finalist is physically unable to take part in the chance to win, they can nominate a proxy to stand in for them. Should the proxy correctly select the winning ball, the finalist will still be the recipient of the prize.

If the $1,000,000 is not won, each of the four finalists will receive a consolation prize of $10,000 to support them on their home ownership journey.

If the $1,000,000 prize is won, only that winner will receive a prize. There is no consolation prize for the other finalists.

The $1,000,000 will be paid into a Great Southern Bank account for the winner.

The payments will be made in ‘milestone payments’:

  1. $200,000 at the time of the win, their ‘home deposit’ to start the buying process.
  2. $800,000 at the ‘home purchase’ stage, with the provision of either a signed settlement agreement OR build contract.

Should the home purchase not reach $1,000,000, the remaining amount will still be paid to the winner.

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Putting customers first for 75 years
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Get clever with your finances
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Multi award-winning products

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Important Information
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959. Conditions apply, see promotions.greatsouthernbank.com.au/win-terms. Open to AU res 18+ only (excl SA). Ends: 11:59PM AEST on 31/7/24. Max 1 initial entry & max 1 bonus entry per person. 4 draws total. All draws: Anisimoff Legal, G13, 3 Amy Close, Wyong NSW 2259 at 12PM AEST/AEDT on: 18/4/24, 23/5/24, 27/6/24, & 1/8/24. Prizes: 4 x $2k via EFT to GSB account (1 p/draw) & each drawn winner will win the opportunity to play contingency game for a chance to win $1 million which can be spent on new home. See full T&Cs for payment details. Flights/accommodation to contingency game not included for winners who reside within 50km from Melbourne, 3000. 1 in 400 odds of winning $1 million. Consolation prizes: $10k. Winners published at promotions.greatsouthernbank.com.au/win-terms within 6 days of draws. NSW Authority No. TP/01145. Permits: ACT TP24/00421.

Loans are issued by Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.