Average Mortgage Broker Salary

AU$59,265
Avg. SalaryShow Hourly Rate
AU$9,944
Bonus
AU$10,174
Commission
AU$10,000
Profit Sharing
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The average salary for a Mortgage Broker is AU$59,265.
10%
AU$41k
10%
AU$59k
50%
AU$86k
90%
90%
MEDIAN AU$59,265
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United States (change)
Salary
AU$41k - AU$86k
Bonus
AU$2k - AU$25k
Profit Sharing
AU$310 - AU$65k
Commission
AU$1k - AU$79k
Total Pay
AU$42k - AU$104k

Your Market Worth Over Time

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Job Description for Mortgage Broker

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.
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.
Entry Level
22.7%
Early Career
40.1%
Mid Career
16.1%
Experienced
16.4%
Late Career
4.6%

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