Victoria's oldest homestead, Sunbury's Emu Bottom listed

Sunbury's Emu Bottom, believed to be Victoria's oldest homestead, has hit the market.

The 24 hectare estate built in the 1830s has been privately held since 1968 when bought by Hedley Elliott and wife Jan for $120,000.

Emu Bottom, which comes with an 1854 woolshed, is expected to sell for in excess of $5 million to $6 million.

The property, which has also been called Holly Green, Emu Vale and Invargargyll, has had just five owners.

It currently runs as a wedding and function venue and yields around $165,000 per annum, based on a 15% share of revenue.

The story of Emu Bottom Homestead began in 1835 when the schooner Enterprise sailed up Port Phillip Bay, with George Evans on board.

After exploring the area, he chose to settle at Sunbury. 

This article first appeared in The Weekend Australian.