Fletcher is a mid-sized suburb in New South Wales within the Newcastle local government area (postcode 2287). With a population of 8,014, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $132K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Fletcher is $1.1 million, having grown strongly 6.6% over the past year. Units have a median price of $650,000 (-9% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,217.
Fletcher is served by 1 school, including 1 combined. The average ICSEA score is 1085, which is above the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Fletcher offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($1.1M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +6.6% year-on-year.
Fletcher is a mid-sized suburb in New South Wales within the Newcastle local government area (postcode 2287). With a population of 8,014, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $132K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Fletcher is $1.1 million, having grown strongly 6.6% over the past year. Units have a median price of $650,000 (-9% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,217.
Fletcher is served by 1 school, including 1 combined. The average ICSEA score is 1085, which is above the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Fletcher offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($1.1M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +6.6% year-on-year.