AU$58,897
Avg. Salary
AU$24.68
Avg. Hourly Rate

Average additional compensation:

AU$10,137

Bonus

AU$17,500

Profit Sharing

AU$10,000

Commission

What am I worth?
How should I pay?

The average pay for a Mortgage Broker is AU$24.68 per hour.

The average pay for a Mortgage Broker is AU$58,897 per year.

10%
AU$17.98
10%
AU$24.68
50%
AU$41.54
90%
90%
MEDIAN AU$24.68
10%
AU$41k
10%
AU$59k
50%
AU$87k
90%
90%
MEDIAN AU$58,897
AU$40,868 - AU$86,612
AU$41K
AU$59K
AU$87K
MEDIAN: AU$58,897
10%
50%
90%
AU$17.98 - AU$41.54
AU$18
AU$25
AU$42
MEDIAN: AU$24.68
10%
50%
90%
AU$0AU$104K
Salary AU$40,868 - AU$86,612
Bonus AU$485 - AU$25,420
Profit Sharing AU$20.43 - AU$78,297
Commission AU$1,100 - AU$78,367
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
AU$42,164 - AU$104,675
  • Country: Australia
  • Currency: AUD
  • Updated: 16 May 2019
  • Individuals Reporting: 205
Hourly Data AU$0AU$41
Hourly Rate AU$17.98 - AU$41.54
Overtime AU$14.50
Annual Data AU$0AU$104K
Bonus AU$485 - AU$25,420
Commission AU$1,100 - AU$78,367
Profit Sharing AU$20.43 - AU$78,297
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
AU$42,164 - AU$104,675
  • Country: United States
  • Currency: AUD
  • Updated: 16 May 2019
  • Individuals Reporting: 21

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 borrower and works to ensure an expedient decision and signing process.

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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

Pay by Experience Level for Mortgage Broker

Pay by Experience for a Mortgage Broker has a positive trend. An entry-level Mortgage Broker with less than 5 years of experience can expect to earn an average total compensation of AU$54,000 based on 169 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mortgage Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of AU$74,000 based on 51 salaries. An experienced Mortgage Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of AU$78,000 based on 62 salaries. A Mortgage Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of AU$75,000 based on 15 salaries.

Pay Difference by Location

13%

8%

-1%

-8%

-8%

National Average: AU$61,459

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Mortgage Broker

Gender

Female
54 %
Male
46 %
Less than 1 year
7%
1-4 years
52%
5-9 years
15%
10-19 years
21%
20 years or more
6%

Experience Affects Mortgage Broker Salaries

▲27%

▲21%

▲21%

National Average
AU$61,000

▼12%

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
7%
1-4 years
52%
5-9 years
15%
10-19 years
21%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 3%
dental benefits
Dental:
vision benefits
Vision:
no benefits
None: 97%