Fletcher is an outer western suburb of Newcastle, located 16 kilometres from Newcastle’s central business district on the western edge of the City of Newcastle local government area.
Fletcher is approximately 6.1 square kilometres. It has 2 parks covering nearly 1.3% of total area. The population of Fletcher in 2011 was 2,730 people. By 2016 the population was 5,154 showing a population growth of 88.8% in the area during that time. The predominant age group in Fletcher is 0-9 years. Households in Fletcher are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Fletcher work in a professional occupation. In 2011, 88.5% of the homes in Fletcher were owner-occupied compared with 77.6% in 2016.
Currently the median sales price of houses in the area is $900,000
Houses in Fletcher rent out for $580 PW with an annual rental yield of 4.0% and units rent for $550 PW with a rental yield of 4.8%.
Based on five years of sales, Fletcher has seen a compound growth rate of 23.3% for houses.
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