NEW CoreLogic data released earlier this week revealed that the median house price in Newcastle and Lake Macquarie has dropped once again.
The median price in the region for a house is now $841,296.
It spells good news for buyers who have been waiting for the property market to calm down after prices soared to unprecedented levels during the pandemic.
Here are five properties in Newcastle and Lake Macquarie on the market that fall below the current median price.
17 Delaware Drive, Macquarie Hills - Auction guide $650,000
Positioned close to the centre of Cardiff with the convenience of shops, supermarkets and eateries, this renovated home is listed for auction with a guide of $650,000.
Set on a large 698 square metre block, the four-bedroom one-bathroom home offers great value with a renovated kitchen anchoring an L-shaped living and dining area.
The three bedrooms are positioned on one side of the home and a retreat space could be converted into a fourth bedroom.
A large standalone garage with adjoining off-street parking plus another double car space allows plenty of room to park a boat, camper or motorhome.
The property is listed with Anthony Di Nardo at Belle Property and will go to auction on November 28.
45 Holly Circuit, New Lambton Heights - $720,000 to $770,000
Nestled in a quiet street surrounded by towering trees, this property offers an affordable opportunity to secure a property in a sought-after suburb.
Situated on a block size of 771 square metres, the home offers three bedrooms and one bathroom, with features including vaulted ceilings in the main living area, a slow combustion wood fire, a modern kitchen with a stone top island bench, soft close drawers and Bosch appliances.
All bedrooms include built-in robes and there is a private balcony off the main bedroom to soak up the tranquility of the surrounding bushland.
Listing agent Teresa Heighington from Ray White Newcastle Lake Macquarie said the property had proved popular with families after hitting the market last week.
"It's a beautiful spot with lots of young families living in the area," Teresa said.
There is also a double garage and workshop with plenty of storage space.
The property is listed for sale with Teresa Heighington at Ray White Newcastle Lake Macquarie.
486 Warners Bay Road, Charlestown - $690,000 to $730,000
If you are looking for a first home or a property that requires absolutely zero work, this one at Charlestown could be it.
The two-bedroom, one-bathroom property has been fully renovated with a chef-inspired kitchen complete with stone tops, brushed brass tap wear and quality stainless appliances.
The open plan layout features hybrid engineered flooring and plenty of natural light flows through the home.
Both bedrooms include built-in robes and are located adjacent to the new bathroom which features a wall-hung vanity plus a bath and shower.
Other features include air-conditioning, a carport and an alfresco area.
The home is listed for sale with Darren Penn at Ray White Newcastle Lake Macquarie.
253 Main Road, Cardiff - $800,00 to $845,000
This house in Cardiff has been revamped for modern tastes with the addition of barn doors, sheer window coverings and crisp tones while retaining elements from the past such as a hallway arch, timber floorboards and French doors.
The classic weatherboard home with a wrap-around verandah offers three bedrooms, including a master with a large walk-in robe, open-plan living and dining as well as three bathrooms (including a showroom ensuite) and an elevated alfresco area overlooking the backyard.
Other features include air conditioning, an upgraded kitchen with stainless steel appliances and a wine fridge, and ceiling fans in all bedrooms.
"It has a lot of old-world charm mixed with modern additions such as the barn doors and a new ensuite, a large walk-in wardrobe," listing agent Alexandra Diktakis said.
"It's very quaint and a very sweet home. They have renovated it very nicely."
The home is listed for sale with Alexandra Diktakis at Belle Property.
38 Matfen Close, Maryland - $700,000 to $770,000
Fancy a pool in that median price bracket? This family home in Maryland has an enticing pool area and plenty of space for a growing family.
The new inground pool is surrounded by contemporary travertine pavers, a timber deck and an entertaining area, making it a winner for the upcoming summer season.
Inside the home includes four bedrooms, one bathroom, polished timber flooring and a newly renovated kitchen complete with a large pantry, soft close drawers and cupboards, stone-look countertops, built-in wine racks and a subway tile splashback.
The property is listed for sale with Ryan Nichols and Amanda Reid at PRD Presence.
