Kate Waterhouse stuns in a black and white strapless dress at The Championships

Monochrome magic! Racing royalty Kate Waterhouse stuns in a black and white strapless dress with a bow detail and chic Dior facinator at The Championships at Royal Randwick

As the daughter of one of Australia’s most famous horse trainers, Gai Waterhouse, she is considered racing royalty. 

And Kate Waterhouse was front and centre at The Championships at Royal Randwick on Saturday afternoon. 

The TV presenter and journalist, 37, turned heads in a stylish monochrome dress by Rachel Gilbert which featured a gorgeous large bow at the bust of the strapless neckline. 

Monochrome magic! Racing royalty Kate Waterhouse stunned in a black and white strapless dress with bow detail and a Dior facinator at The Championships at Royal Randwick on Saturday 

The outfit took on someone of an eighties vibe as Kate clad her slender legs in a pair of sheer stockings and a pair of Christian Dior stilettos with ribbon detail.

The mother-of-two accessorised with a cute Miu Miu handbag and wore a timepiece by Longines. 

But her most chic accessory was by far her Dior headband facinator which sat on her perfectly coiffed blonde locks. 

In December, the couple reportedly purchased a $17.8million mansion in Balmoral.

Stunning: Her most chic accessory was by far her Dior headband facinator which sat on her perfectly coiffed blonde locks

Stunning: Her most chic accessory was by far her Dior headband facinator which sat on her perfectly coiffed blonde locks

The deal was an off-market purchase by the couple from rag trader Ling Zijian, reports Domain.

The former owner had purchased the stunning property for $5.3million in 2003.

The Sydney mansion features five spacious bedrooms and has incredible views of Balmoral Beach.

Kate’s brother, Tom Waterhouse, also owns a $13million beachfront house in the same suburb.

The racing heiress and the former rugby league player tied the knot in Sicily, Italy, on June 28, 2012.

The couple share two daughters, Sophia, six, and Grace, three.

WAGs: Kate was seen greeting cricket WAG Dani Willis at the event

WAGs: Kate was seen greeting cricket WAG Dani Willis at the event