Average Mortgage Broker Salary in Melbourne, Victoria

AU$59,371
Avg. Salary
AU$2,600
Bonus
AU$50,980
Commission
AU$25,010
Profit Sharing
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The average salary for a Mortgage Broker in Melbourne, Victoria is AU$59,371.
10%
AU$40k
10%
AU$59k
50%
AU$98k
90%
90%
MEDIAN AU$59,371
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United States (change)
Salary
AU$40k - AU$98k
Bonus
AU$0 - AU$10k
Profit Sharing
AU$0 - AU$25k
Commission
AU$0 - AU$51k
Total Pay
AU$41k - AU$110k

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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.

Career Paths

Explore the most common career paths for Mortgage Broker. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Mortgage Broker
Senior Account Manager
Executive Assistant
Financial Consultant
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Mortgage Broker Job Listings

Popular Skills for Mortgage Broker

Skills in Residential Loans are correlated to pay that is above average. Skills that pay less than market rate include Sales and Mortgage Loans.

Pay by Experience Level for Mortgage Broker

An early career Mortgage Broker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of AU$59,209 based on 24 salaries. A mid-career Mortgage Broker with 5-9 years of experience earns an average total compensation of AU$61,686 based on 9 salaries. An experienced Mortgage Broker with 10-19 years of experience earns an average total compensation of AU$76,340 based on 10 salaries.
Employees with Mortgage Broker in their job title in Perth, Western Australia earn an average of 24.1% more than the national average. These job titles also find higher than average salaries in Sydney, New South Wales (2.8% more) and Brisbane, Queensland (2.5% more). The lowest salaries can be found in Adelaide, South Australia (8.5% less) and Gold Coast, Queensland (5.1% less).

Years of Experience

This data is based on 43 survey responses.
Early Career
55.8%
Mid Career
20.9%
Experienced
23.3%

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