Arrival of Finlease in Darwin

“The arrival of Finlease in Darwin marks a further step-up for Finlease. Not simply is it Finlease’s northern-most office, it completes a truly national network of offices in all major centres. Yet local NT business operators are the real winners as it gives them greater flexibility to expand their businesses, whether they are looking to finance equipment, or they simply want better finance solutions to help improve cashflow. In addition, the property market is particularly interesting with Darwin having some of the country’s strongest rental returns, making investment property finance a significant area of need. In the Darwin area and NT in general, the banks have served as the primary source for specialised business facilities like machinery finance. But when a business operator wanted to finance equipment, the banks’ restrictive lending practices have often hampered growth. The head of Finlease Darwin, Cameron Pitkethly, will be looking to change all that. With Finlease’s help, local Darwin business can now source funds from the country’s leading financiers. That will enable the wheels of machinery finance to turn faster, while Finlease’s investment property finance solutions can lead to better investment returns.”