The area on the corner of Pasley and Rennie streets features more than 14 acres of land with the new school being part of the Holy Rosary Parish.

Catholic Education Sandhurst director Paul Desmond said construction would still be years away but was delighted to announce the official purchase of the property.

"Our exploration of the site began in December 2015, when we identified Huntly as an area of significant growth," he said.

"We have been committed to establishing a Catholic Primary school in the Huntly area ever since.

"Anywhere you go to buy land with a view to educating children on it, various processes need to be followed to make sure the site is ideal.

"We wanted a big piece of land for buildings and sporting fields as well as passive green areas for kids to relax in. By the time we did that and met the various authorities (it took) four years.

"When constructed, these much needed facilities will cater for the growing Huntly population, providing a comprehensive educational facility with first class amenities."

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Mr Desmond said the master plan for the site is close to what was submitted to the City of greater Bendigo council.

"We will modify that as we look at the strategy around the build," he said. "It is a flexible master plan. If we change our mind about something half-way throughm the plan should be sufficiently flexible.

"There's a long way to go yet, the biggest part in the initiative is to get right site, we know that's longest part of the journey."

Mr Desmond said the next part of the project would be fine tuning plans.

"The next step is to start looking at construction, go to council with concrete plans on what site want to look like in specific terms," he said.

"At one stage we will be looking for a principal well in advance of commencing building. Very early we would like the community to know (who the) principal is and employ that person six to eight months out (from construction).

"We will want someone who knows how to work with children, understands grant applications and how to work with architects. There is a raft of things that need to be attended to between now and opening doors on day 1."

The growing interest in Catholic Education in the Bendigo region has prompted the purchase of the new school site.

"This is a wonderful outcome for Bendigo," Mr Desmond said. "The Huntly Catholic School provision has the full support of the diocese and the leaders of Catholic Schools in the Goldfields area.

"The new school will firmly establish Catholic Education as a leading provider of education in the region offering more choice for Bendigo families, in particular those within the Huntly area.

"The growing interest in Catholic Education in the Huntly-Bendigo region has prompted the establishment of the new school site and all involved parties are committed to providing the best facilities possible."

The new Huntly Catholic school will be the 57^th school in the Sandhurst diocese. At this stage it is planned as a primary school.

"We have 56 schools primary and secondary schools (in Sandhurst). This is the 57^th," Mr Desmond said. "We are looking at a primary school at the moment but are open to doing other things. Our two secondary schools (Catherine McAuley College and Marist College) are serving the needs for parents who want Catholic education (for their children).

"We just think this is exciting time in the history of Bendigo and Huntly in particular and are looking forward to seeing families go there."