Historic homes in Bendigo top real estate market with $2 million price tags

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Historic homes continue to top the Bendigo real estate market, with another goldfields era property set to fetch more than $2 million.      

The listing of Valentine Street house Malmo for between $1.95 million and $2.14 million follows at least two other multi-million-dollar sales in central Bendigo since the start of last year.  

Erected in 1899, the four-bedroom house was designed by Bendigo architect William Beebe and first belonged to goldfields tobacconist Karl van Damme.

It had since passed to four more owners, including the Catholic church, which explains why a confessional box stands in one of the upstairs bedrooms. 

Current owner June Conron moved into the house with her five children and stepchildren 24 years ago and was not surprised older homes were fetching the highest prices in town.

“You're buying a piece of history. It's more than just a home,” she said. 

“You're lucky to be, for a small time, a custodian of a property like this.”

Ms Conron believed someone from outside Bendigo would be the one to purchase her property, most likely a family who could use the space. 

Bendigo’s Real Estate Institute of Victoria chairman Andrew Murphy agreed, saying it was often employees of the new hospital or Bendigo Bank who could afford to buy top-end homes. 

“We're seeing an influx of people from out of town coming in to Bendigo that would buy or look at those properties,” he said.

But it could take time for million-dollar sales to be inked, Mr Murphy said, describing them as “niche”.

“They will sell, but common sense prevails: there's not as many buyers in that end of the market than in the other end.” 

Asked what the seven-figure sales meant for the rest of the real estate market, Mr Murphy said it was “encouraging”. 

“I wouldn't have said the market is strong. It's not strong, but we're seeing properties turning over,” he said. 

Ms Conron and her family would now move to another old home, this time in Quarry Hill.

Originally from Canberra, a new city that lacked old homes, Ms Conron she always wanted to live somewhere with history.