At the 2021 Census, 22% of homes in Fannie Bay were owned with a mortgage (the NT: 30%), 23% were owned outright and 49% were rented. The median mortgage repayment was $2,167 a month and the median rent was $390 a week.

Home ownership figures: ABS 2021 Census, Fannie Bay Suburb and Locality, used under CC BY 4.0. Mortgage broker figures from BrokerScore, updated October 2026.

Buying your first home in Fannie Bay

Fannie Bay is in the $750,000 price cap area for the Australian Government 5% Deposit Scheme (Darwin). Eligible first home buyers can buy up to that price with a 5% deposit and no lenders mortgage insurance.

Northern Territory grants and concessions

Grants and stamp duty concessions are available for eligible first home buyers.
Amounts have changed often, so check Territory Revenue Office for what applies now.

General information only, checked 9 October 2026. Sources: 5% Deposit Scheme price caps, Northern Territory. Eligibility rules apply, so confirm with a mortgage broker.

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Mortgage broker Fannie Bay FAQs

How many mortgage brokers are there in Fannie Bay?

There are 2 mortgage brokers on BrokerScore based in Fannie Bay or serving the area, plus 19 more within 10 km.

Who are the top rated mortgage brokers in Fannie Bay?

By BrokerScore, the top rated mortgage brokers in or near Fannie Bay are WealthMax Home Loans (6.6), Loan Market Larrakeyah - Derek Lee (6.6) and Easy Loans (6.5). BrokerScore is a rating out of 10 that reflects reviews and how well a mortgage broker looks after the people who contact them. Mortgage brokers can’t pay to change it.

How much does a mortgage broker cost in Fannie Bay?

Most mortgage brokers in Fannie Bay don’t charge you for a standard home loan. They’re usually paid a commission by the lender once your loan settles. Some charge a fee for complex loans, so ask upfront. Every mortgage broker must give you a credit guide that explains how they’re paid and any fees.

What’s the average mortgage repayment in Fannie Bay?

At the 2021 Census, the median mortgage repayment in Fannie Bay was $2,167 a month, and 22% of homes were owned with a mortgage. Interest rates and prices have changed since then, so a local mortgage broker can work out what repayments would look like for you today.

What is the 5% Deposit Scheme price cap in Fannie Bay?

Fannie Bay falls under the $750,000 price cap that applies in Darwin. Under the Australian Government 5% Deposit Scheme, eligible first home buyers can buy up to this price with a 5% deposit and no lenders mortgage insurance. Some suburbs span more than one postcode, so confirm with a participating lender or mortgage broker.

Should I use a mortgage broker or go straight to my bank?

A bank can only offer its own home loans. A mortgage broker compares loans from the lenders on their panel. They must act in your best interests, and they handle the paperwork through to settlement.

How do I choose a mortgage broker in Fannie Bay?

Compare BrokerScores and read recent reviews, check they help with your situation (for example first home buyers, refinancing or self-employed borrowers) and see which lenders they work with. Ask how they’re paid and how many lenders they’ll compare for you. You can message any mortgage broker on this page for free.

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