Dave Hughes admits he lost $100,000 after investing in a bar

Dave Hughes has admitted to making a poor financial decision that ultimately lost him $100,000.  

On Monday, the 48-year-old recalled on the Hit radio show Carrie & Tommy that he invested $100,000 in a business venture that failed to overturn a profit.

"I once invested in a bar and my share — I'm going to be unrelatable here to some people — my share cost $100,000," Hughes said on Monday.

The comedian hoped that the business would be a smart investment choice, but it didn't promise a great return.

"I was trying to leverage my profile to make the bar happen, but also I wanted to get joy out of it," Hughes said.

"I don't drink, and I had a wife at the time… I invested $100,000 for my share and I sold that share for $1."

Carrie Bickmore's co-host Tommy Little joked that the bar was in the "windiest part of Australia."

This isn't the first time that Hughes made a big investment. The comedian bid on Josh Barker and Elyse Knowles' house on The Block 2017.

He went against his wife's wishes and paid a whopping $3.1 million for the Elsternwick pad. The property went above the reserve by $447,000 at auction.

"Hughesy has changed our life," Elyse told 9Honey just after the auction.

"He came through this morning, and I was like, 'Hughsey, what are you doing here?' It was all so last minute."