The average salary for a Mortgage Broker in Melbourne, Victoria is AU$59,371.
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AU$40k - AU$98k
AU$0 - AU$10k
AU$0 - AU$25k
AU$0 - AU$51k
AU$41k - AU$110k
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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.
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.
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.
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 24.1% 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.
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