Avg. Base Salary (AUD)
The average salary for a Mortgage Broker is AU$60,999
What is the Pay by Experience Level for Mortgage Brokers?
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$51,453 based on 15 salaries. An early career Mortgage Broker with 1-4 years of experience earns an average total compensation of AU$58,148 based on 93 salaries. A …Read more
What Do Mortgage Brokers Do?
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 …Read more