Life in a spectacular home for $1 a month

In a property valued at $1,500 per week, a former Australian public servant is living for $1 per month.

James Thompson has been living in the sprawling publicly-owned house located in one of Sydney's most spectacular harbourside areas for the past six year, costing tax payers at least $1 million.

According to 7News, Thompson wakes up to one of the best views in Sydney, an unaffordable dream for most families.

“It is prime real estate, right on the habour. A waterfront exclusive,” Jodie Noll from LJ Hooker said.

James Thompson used to work for the maritime authority and denies taking taxpayers for a ride.

“I have a tenancy agreement; I am the caretaker of the site. I'm also responsible for maintenance and security on the site," Mr Thompson told 7News.

However, the government disagrees.

"He must be the luckiest bloke in Australia,” Ports Minister Duncan Gay said, “to get a deal like that from the previous government".

He claims this is a dud deal and typical of the previous Labor Government putting mates ahead of the state.

"It's time for the current New South Wales government to conduct a thorough investigation. This is a matter which could end up before ICAC,” Greens Minister John Kaye said.

The minister has given Mr Thompson sixty days to find a new place, but doubts he'll find a deal this good.

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