Matty J and Laura Byrne Struggle with Debt

and 's renovated coastal haven has turned into a financial nightmare.

The glamorous Bachelor couple have sensationally revealed their stunning 'Chante Mer' retreat near Ulladulla has become a 'mountain of debt', forcing them to rent it out just to stay afloat.

What began as a spontaneous, love-at-first-sight purchase for $2.19million quickly spiralled into an eye-watering budget blowout.

Speaking candidly on Home Beautiful's The Edit podcast, Matty J admitted the renovation ran wildly out of control.

'We thought we were just going to, you know, make it watertight and put a lick of paint on, and we got sucked into the renovation and made it a lot bigger than we originally planned,' he explained.

'We were like, we need help paying off this mortgage! So, we decided we would start renting it out.'

Matty J added that while he and Laura poured a year into revamping the once run-down, mould-ridden property into a high-end coastal escape, the financial toll has been brutal.

'We are in a mountain of debt, and we will be paying off this house for a very, very, very long time,' he admitted.

Despite all the hard work, the pair barely got to enjoy the home.

After just eight months in the revamped home, real life got in the way with hectic work schedules and the arrival of their third child, daughter Poppy.

The mounting pressure has seemingly sealed the property's fate as a holiday rental.

But now, fans can live like reality TV royalty - at a price.

'Chante Mer' is currently listed on Airbnb with nightly rates ranging from a staggering $740 to $1,600, with a minimum three-night stay.

Bargain hunters might snag a winter deal for approximately $739 per week, but come summer, the luxe retreat commands top dollar.