Find a Mortgage Broker in Darwin

Information verified correct on December 5th, 2016

Let a professional mortgage broker help you find the perfect home loan for your Darwin property purchase.Mortgage Broker Darwin Feature

Sitting on the shores of the Timor Sea and boasting one of the most relaxed lifestyles you’ll find anywhere in the world, Darwin is a city with a difference. The smallest of Australia’s capital cities, Darwin looks out over its harbour and is famous for its warm climate, its vibrant festivals and events, and its abundant recreational opportunities in the great outdoors.

If you want to buy property in Darwin and you need to borrow money to do so, ask a local mortgage broker to help you find the perfect loan for your financial situation.

Which brokers have offices in Darwin?

Broker Details No. of Lenders
Aussie Home Loans Details and Application
Aussie Home Loans

Aussie is one of Australia's leading financial service providers, having won The Adviser’s Top Mortgage Broker award for the last 3 years. They charge no appointment fees and can meet at a time and place which suits you.

20 Enquire
More info
Online Home Loans Details and Application
Online Home Loans

Online Home Loans is a mortgage broker service designed to help Australian borrowers find the right home loan – and do it all online.

Enquire
More info
iConnect Financial Services
iConnect Financial

iConnect has hundreds of loans available through more than 40 lenders in Australia to choose from to find the home loan that is right for you.

40+ Enquire
More info

Other brokers

  • Darwin Mortgage Broker
  • AFA Mortgage Solutions
  • Darwin Home Loans
  • Jeff Pinkerton Finance

What are the main suburbs within Darwin?

Mortgage Broker Darwin Map

Source: Google Maps

1. Karama

Taking its name from a local Indigenous tribe, the northern suburb of Karama is found 14km from the Darwin CBD. It is home to a shopping centre, several schools and a wide range of other facilities.

The two largest demographic groups in Karama are established couples and families (20.6%) and older couples and families (16.3%). The suburb has a population of 4,844 and a median weekly household income of $1,607.

The median house price in Karama is $560,000, annual capital growth is 8.37% and gross rental yield is 5.29%.

2. Leanyer

Another northern suburb of Darwin, Leanyer is found 14.4km from the city’s CBD and was mainly developed throughout the 1970s and 1980s. The Casuarina Coastal Reserve, Leanyer Recreation Park and Holmes Jungle Nature Park can all be found in the suburb along with a shopping centre and several schools.

Leanyer has a population of 4,691 and a median weekly household income of $1,923. The two largest demographic groups in the suburb are established couples and families (19.6%) and older couples and families (18.3%).

The median house price is $580,000, annual capital growth is 6.45% and gross rental yield is 5.47%.

3. Nightcliff

Located roughly 10km north of the Darwin CBD, Nightcliff is known throughout Darwin for its beautiful foreshore area, which is a popular spot for walkers and cyclists of an evening. The suburb also hosts the Nightcliff Markets every Sunday from 6am to 2pm, featuring several market stalls and live music.

With a local population of 3,654, Nightcliff’s two largest demographic groups are maturing and established independence (28.3%) and independent youth (15.6%). The median household income in the suburb is $1,661 per week.

Nightcliff’s median house price is $840,000, annual capital growth is 8.24% and gross rental yield is 4.33%.

4. Stuart Park

This inner-city suburb is located 5km from the Darwin CBD. A largely residential suburb, Stuart Park also features Tipperary Waters Marina Estate and the Frances Bay Village shopping complex.

The two largest demographic groups in Stuart Park are independent youth and maturing and established independence, who respectively make up 29.0% and 23.0% of the population of 3,748. The median weekly household income in the suburb is $1,866.

Stuart Park’s median house price is $766,000, annual capital growth is 6.63% and gross rental yield is 4.62%.

Buying property in Darwin

Consider the following before you buy a house, unit or apartment in Darwin:

  • Tiger Brennan Drive Duplication. The Tiger Brennan Drive Duplication from Woolner Road to Berrimah Road is designed to improve traffic flow and ease congestion. The multi-million dollar project to expand this major arterial road in the eastern suburbs is scheduled for completion in mid-2016.
  • Property prices. In the 10 years from 2005 to 2015, the median unit price in Darwin increased from $325,000 to $549,290.

Suburb property prices in Darwin

Karama

Mortgage broker Darwin - Karama

Source: APM PriceFinder

Karama’s median house price fell from $560,000 in 2014 to $527,500 in 2015.

Leanyer

Mortgage broker Darwin - Leanyer

Source: APM PriceFinder

From 2014 to 2015, Leanyer’s median house price dropped slightly from $620,000 to $619,500.

Nightcliff

Mortgage broker Darwin - nightcliff

Source: APM PriceFinder

Nightcliff’s median house price dropped from $932,000 in 2014 to $840,000 in 2015.

Stuart Park

Mortgage broker Darwin - Stuart Park

Source: APM PriceFinder

From 2014 to 2015, Stuart Park’s median house price decreased from $763,500 to $635,000.

What will a typical mortgage cost in Darwin?

The median unit price in Darwin is $490,000, which means you would usually need to provide a 20% deposit of $98,000 in order to qualify for a loan with most lenders. If you then borrowed the remaining $392,000 at 4.50% p.a. on a 25-year loan, your fortnightly repayment amount would be $1,005.08 and the total cost over the life of the loan would be $653,302.68.

How is a mortgage broker paid?

Lenders pay commissions to mortgage brokers for sending new customers in their direction. A broker receives an upfront commission when you take out a loan and a trailing commission every year you still owe money on your mortgage.

However, they will need to pay a fee back to the lender if you choose to refinance your loan with a different lending institution.

Learn how brokers are paid

How does a mortgage broker work?

Mortgage brokers have a responsibility to act in your best financial interests and help you find a home loan you can afford to repay. So after assessing your finances and the amount you wish to borrow, a broker will present you with a selection of loans from their panel of lenders that have all the features you require.

Learn about the broking process


Picture: Jeremy De Guzman, licensed under Creative Commons Attribution 2.0 Generic (image cropped)

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