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Explore all careersA Mortgage Broker connects clients seeking loans for property purchases with lenders, guiding them through the application process and earning commissions.
Get qualified to work as a Mortgage Broker with a course recognised across Australia. Speak to a training provider to learn more.
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In Australia, a full time Mortgage Broker generally earns $1,538 per week ($79,976 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.
This industry has seen a strong increase in employment numbers in recent years. There are currently 32,700 people working as a Mortgage Broker in Australia compared to 23,900 five years ago. Mortgage Brokers may find work across all regions of Australia, particularly larger towns and cities.
Source: Australian Government Labour Market Insights
A Certificate IV in Finance and Mortgage Broking is an ideal qualification if you’re planning a career as a Mortgage Broker. This course will give you the skills to process credit applications and prepare loan applications on behalf of clients. You could also consider a Diploma of Finance and Mortgage Broking Management.
A Mortgage Broker acts as a liaison between clients hoping to borrow money to purchase property and financial institutions who lend it. You’ll discuss available lending options with customers and help them with their mortgage applications. Mortgage Brokers usually receive commissions for the loans they help to secure.
Mortgage Brokers should have excellent communication skills and be able to work with both customers and loan companies. It’s important that you understand lending systems and are able to follow correct financial procedures. Mortgage Brokers need excellent attention to detail and should be able to complete a range of administrative tasks.