The average salary for a Mortgage Broker is AU$59,265.
Is Mortgage Broker your job title? Get a personalized salary report!
AU$41k - AU$86k
AU$2k - AU$25k
AU$310 - AU$65k
AU$1k - AU$79k
AU$42k - AU$104k
Your Market Worth Over Time
How has your pay changed over time for your market? Find out by taking our salary quiz.
Job Description for Mortgage Broker
A mortgage broker works as a go-between for people seeking a home loan and potential lenders. The broker typically has a list of lenders and their respective offerings and requirements; they then work with loan seekers to match them with the lender that best suits their needs. Mortgage brokers are typically paid a commission by the person signing the mortgage and a fee by the lending bank. Throughout the mortgage process, the broker helps facilitate communication between the bank and the borrowe…Read more
Mortgage Broker Tasks
- Interview and document credit, income, and financial history of clients.
- Deploy marketing and sales strategies to attract new clients.
- Mediate between the prospective homebuyer and the lending institution to underwrite and structure financial solutions.
- Assess local mortgage market to find deals for client.
- Apply for loans on behalf of borrower and collect documentation to pre-approve client.
Mortgage Broker Job Listings
Popular Skills for Mortgage Broker
Skills in Mortgage Loans, Residential Loans, Customer Service, Financial Analysis and Sales are correlated to pay that is above average.
Pay by Experience Level for Mortgage Broker
An entry-level Mortgage Broker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of AU$50,513 based on 69 salaries. An early career Mortgage Broker with 1-4 years of experience earns an average total compensation of AU$55,703 based on 122 salaries. A mid-career Mortgage Broker with 5-9 years of experience earns an average total compensation of AU$64,809 based on 49 salaries. An experienced Mortgage Broker with 10-19 years of experience earns an average total compensation of AU$72,589 based on 50 salaries. In their late career (20 years and higher), employees earn an average total compensation of AU$74,500.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Mortgage Broker in their job title in Perth, Western Australia earn an average of 24.4% more than the national average. These job titles also find higher than average salaries in Sydney, New South Wales (3.0% more) and Brisbane, Queensland (2.7% more). The lowest salaries can be found in Adelaide, South Australia (8.4% less) and Gold Coast, Queensland (5.0% less).
Years of Experience
This data is based on 304 survey responses.
Related Job Salaries
AU$44k - AU$69k
AU$55k - AU$135k
AU$30k - AU$51k
AU$53k - AU$124k
AU$37k - AU$74k
AU$40k - AU$61k
AU$31k - AU$55k
AU$49k - AU$91k
AU$40k - AU$61k
AU$40k - AU$60k