Fletcher

POSTAL CODE: NSW, 2287
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Property investors have seen a 0.95% gain in FLETCHER based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on FLETCHER, 2287 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 11.58%.

Based on its average 5-year and quarterly capital gains FLETCHER, 2287 saw average growth in the long term.

The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,060,000

Profits averaged 5.67% per annum over a 3-year period, due to an upward trend in home prices in FLETCHER, 2287.

This means, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

The gross rental yield in FLETCHER, 2287 is 3.92%.

An average of 9.75 real estate transactions take place per month in FLETCHER which translates to 117 per annum.

Surburb overview

Fletcher is a residential suburb in the City of Newcastle, NSW, with postcode 2287, situated in Newcastle’s western suburbs near Minmi, Maryland, Wallsend and Hexham.

The suburb is about 14 kilometres north-west of Newcastle’s central business district, with Minmi Road and the nearby Newcastle Link Road providing connections towards central Newcastle and the M1 Pacific Motorway.

The 2021 Census recorded more than 5,000 residents in Fletcher, with population growth associated with residential development across the suburb. Separate houses form the predominant type of residential accommodation, with newer estates accounting for a substantial part of the local streetscape.

Fletcher does not have a railway station, making buses and private vehicles the main transport options for residents. Bus services connect Fletcher with surrounding suburbs and centres, including Wallsend, Jesmond and Newcastle, where passengers can access additional public transport services.

Fletcher has local primary education facilities, while secondary schools and additional education options are available in Maryland, Wallsend and surrounding suburbs. The University of Newcastle’s Callaghan campus is also within driving distance and provides tertiary education and research facilities.

Local shopping facilities provide access to supermarkets, pharmacies, food outlets, and other everyday services, while larger retail centres are available in Wallsend, Jesmond, and Glendale.

Medical centres, pharmacies and allied healthcare providers operate in Fletcher and neighbouring suburbs. John Hunter Hospital at New Lambton Heights provides major emergency, hospital and specialist healthcare services within driving distance.

Fletcher contains neighbourhood parks, playgrounds and reserves distributed throughout its residential areas. Kurraka Reserve provides sporting fields and recreation facilities and is used for organised and informal activities. The suburb is surrounded by areas of bushland, particularly towards Minmi and the western edge of the Newcastle metropolitan area.

Nearby Blue Gum Hills Regional Park contains bushland, picnic areas, walking and cycling routes and the TreeTops adventure park. Additional sporting grounds and recreation facilities are available in Wallsend and Maryland, while Newcastle’s beaches and the Lake Macquarie foreshore are accessible by road.

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