Fletcher has become Newcastle's newest suburb to reach a seven-figure sale.
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Theresa Day, principal of Day By Day Property Solutions, sold 26 Tallowwood Crescent on June 7 for $1.01 million.
It surpassed the previous highest mark of $977,000 for a home in Sabre Close set in July last year.
Ms Day said buyers were seeing value in homes with "wow factor" in the western Newcastle suburb and predicted more big sales to follow.
"I think others will follow because there's now a line in the sand with the benchmark," Ms Day said.
"People kept saying, 'Nothing has sold in Fletcher over $1 million and the property market is plummeting'. I had a couple of offers under $1 million but it deserved $1 million every day of the week."
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She is marketing two more properties with million-dollar price tags in Fletcher in 23 Kural Cresecent, with a guide of $1.1 million, and 84 Churnwood Drive, which has been listed for $1.3 million.
The Tallowwood Crescent home was positioned on a corner block 824 square meres in size that backed onto bushland reserve. It had multiple indoor and outdoor living areas, an in-ground swimming pool and a four-person sauna.
Scott Walkom, experienced agent and director of Walkom Real Estate, said the result showed confidence in the Newcastle market despite an overall downturn in median sale prices.
When he started a real estate career in 1989, no property in the City of Newcastle had broke the $1 million mark. He believed that came in 1994 when 4 Barker Street on The Hill sold for $1.35 million, according to Australian Property Monitors data, and kicked off a string of million-dollar sales for historic homes in the exclusive part of town.
Soon to follow suit were properties in other blue-chip locations. APM data shows the first million-dollar sale for Bar Beach came for a home on Memorial Drive in 1995. In 2000, Merewether joined the club with a $1.4 million result for a property in Charlotte Street.
At the time the median sale price for the beachside suburb was $281,000. In 2008, $5.5 million was paid for an Ocean Street home, and, by 2016, Merewether's median sale price had risen to $1.145 million and has remained above $1 million since.
The highest recorded house sale for the city remains for Jesmond House at 10 Barker Street, which was bought for $7 million in 2008.
During the property "boom" in more recent years, inner city suburbs such as Maryville (2015), Carrington (2016) and Mayfield (2018) have also reached the million-dollar milestone.
"I think it shows the growth of Newcastle and the Hunter and it's good for the city to have those kind of sales," Mr Walkom said.
"We're a slow moving, positive place. We don't have the highs and lows that Sydney does. These kind of sales shows a lot of confidence in those areas and just cements how long term Newcastle will become a good place to live.
"You can live here and get more bang for your buck; you can get a modern house on a big block of land."
Meanwhile, there was good out-of-town interest in two adjoining blocks in Mayfield sold by First National Newcastle City for a combined price of $1.65 million. The properties at 26 Rawson Street and 35 Roe Street comprised around 1680 square metres together and was secured by a local buyer.
First National recorded a quick sale in Hamilton, selling a renovated 1930s home for $1.125 million within its first week on the market. Over 40 people went through the first open house.
Street Property sold a three-bedroom, one-bathroom home at 49 Railway Street in New Lambton within two weeks on the market for $795,000.
