Kate Waterhouse dazzles in a black and white strapless dress during The Championships

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

The daughter of one of Australia’s most famous horse trainers, Gai Waterhouse, she is considered a racing king.

And Kate Waterhouse was at the forefront of The Championships in Royal Randwick on Saturday afternoon.

The TV presenter and journalist, 37, caught the eye in a stylish monochrome Rachel Gilbert dress with a gorgeous oversized bow at the bust of the strapless neckline.

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

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

The outfit took on an ’80s vibe when Kate touted her slender legs in a pair of sheer stockings and a pair of ribbon-detail Christian Dior stilettos.

The mother of two was equipped with a cute Miu Miu handbag and a Longines timepiece.

But her most chic accessory by far was her Dior headband facinator sitting on her perfectly bobbed blonde locks.

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

Stunning: Her most chic accessory by far was her Dior headband facinator sitting on her perfectly bobbed blonde locks

Stunning: Her most chic accessory by far was her Dior headband facinator sitting on her perfectly bobbed blonde locks

Stunning: Her most chic accessory by far was her Dior headband facinator sitting on her perfectly bobbed blonde locks

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

The former owner had bought the beautiful property in 2003 for $ 5.3 million.

The Sydney townhouse features five spacious bedrooms and fantastic views of Balmoral Beach.

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

The racing heiress and former rugby league player were married on June 28, 2012 in Sicily, Italy.

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

WAGs: Kate greeted cricket WAG Dani Willis at the event

WAGs: Kate greeted cricket WAG Dani Willis at the event

WAGs: Kate greeted cricket WAG Dani Willis at the event

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