The Bendigo property market shows no signs of slowing down next year after agents enjoyed a strong 2019.
Tweed Sutherland First National director Matt Leonard said it had been a strong year for real estate in Bendigo.
"When the Melbourne market cooled down or, for lack of a better term, its bubble burst, that's when Bendigo moved in positive direction," he said. "(Bendigo) is affordable and rental vacancy rates are at record lows.
"Anything between $300,000 and $400,000 gains a lot of attention and sells quickly. Investors and first-home buyers compete for same property which is good for the vendors."
Real Estate Institute of Victoria Loddon Goulburn president Tom Maher said central Victoria's market has not only grown but has also been consistent.
"It has been consistent healthy growth through Bendigo and also regional Victoria in general," he said.
"That has strengthened the confidence people purchasing for investment and the options of first-home buyers to either build or buy."
Mr Maher said a number of suburbs were targets by potential home owners.
"Anywhere within walking distance of the CBD are hotspots," he said. "Suburbs like Epsom and Kangaroo Flat are taking because there is not enough coming up for sale, so people are building.
"Then the traditional suburbs of Quarry Hill and Kennington that are always sought after. It really doesn't matter where a house is if it is well presented and the price is right it will sell."
A number of high-end period homes prices at $2 million or more are on the market in Bendigo with Mr Leonard expecting the sale of one to set a new price record for the city.
Most recently Mr Leonard has listed a home in Wattle Street for $2,300,000.
"Two years ago in there was a home in Barkly Street I sold for $2,225,000. That hasn't been beaten but there are a number of properties on the market for between two and three million. Regardless of which one sells, it will set a new benchmark.
"The can either sell quickly or can take a longer period of time to find the right buyer."
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