Mortgage Broker Salary in Melbourne
Finance
Mortgage brokers help clients find and secure home loans by comparing products from multiple lenders.
Job Market Outlook
Mixed work with some tasks that AI can assist or automate
Job supply roughly matches candidate availability
Moderate projected employment growth over 5 years
Sources: Microsoft Research 2025, Jobs and Skills Australia 2025 Occupation Shortage List
Mortgage Broker Take-Home Pay Breakdown in Melbourne
Based on the average Mortgage Broker salary of $89,250 in Melbourne, here's what you can expect to take home after tax, Medicare levy, and superannuation.
| Component | Without HECS | With HECS |
|---|---|---|
| Gross Salary | $89,250 | $89,250 |
| Income Tax | -$17,563 | -$17,563 |
| Medicare Levy (2%) | -$1,785 | -$1,785 |
| HELP/HECS Repayment | $0 | -$3,124 |
| Superannuation (11%) | +$9,818 | +$9,818 |
| Annual Take-Home | $69,902 | $66,779 |
| Monthly Take-Home | $5,825 | $5,565 |
| Fortnightly Take-Home | $2,689 | $2,568 |
Calculate Your Exact Take-Home Pay
Enter your actual salary to see a personalized breakdown including your specific tax situation, HECS debt, and family status.
Open Salary CalculatorMortgage Broker Salary by City
Related Finance Roles in Melbourne
Related Tools
Mortgage Broker Hourly Rate in Melbourne
Based on a standard 38-hour work week (Australian full-time hours):
Frequently Asked Questions
How much does a Mortgage Broker earn in Melbourne?
The average Mortgage Broker salary in Melbourne is $89,250 per year, or approximately $45 per hour. Salaries range from $52,500 to $210,000 depending on experience.
What is the take-home pay for a Mortgage Broker in Melbourne?
A Mortgage Broker earning $89,250 in Melbourne takes home approximately $69,902 per year after tax, or $5,825 per month. With a HECS debt, take-home drops to $66,779 per year.
How much do Mortgage Brokers make per hour in Melbourne?
Mortgage Brokers in Melbourne earn approximately $45 per hour on average, based on a 38-hour work week. Entry-level rates start around $27/hour, while senior professionals can earn up to $106/hour.
Is Melbourne a good place to work as a Mortgage Broker?
Melbourne offers Mortgage Broker salaries among the highest in Australia at $89,250. The city has a cost of living index of 95 (Sydney = 100), meaning living costs are lower than Sydney.
About Mortgage Broker Salaries in Melbourne
The average Mortgage Broker in Melbourne, Victoria earns $89,250 per year, or approximately $45 per hour. Salaries typically range from $52,500 for entry-level positions to $210,000 for senior roles with extensive experience.
After income tax, Medicare levy, and other deductions, a Mortgage Broker earning the average salary in Melbourne can expect to take home approximately $69,902 per year, or $5,825 per month.
Melbourne is home to approximately 5.1 million people and has a cost of living index of 95 (where Sydney = 100). This means living costs in Melbourne are lower Sydney.
Key Factors Affecting Mortgage Broker Salaries
- Experience Level: Entry-level positions start around $52,500, while senior roles can reach $210,000.
- Industry: Different industries offer varying compensation for Mortgage Broker roles.
- Company Size: Larger companies typically offer higher salaries and more benefits.
- Location: Melbourne's cost of living influences salary expectations.
- Hourly Rate: Based on a 38-hour week, Mortgage Brokers earn $$27-$106 per hour.
Salary data is based on industry reports, job postings, and government statistics. Individual salaries may vary based on experience, qualifications, and employer. Tax calculations are estimates for the 2024-25 financial year.