Mortgage Broker Salary in Wollongong
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 Wollongong
Based on the average Mortgage Broker salary of $74,800 in Wollongong, here's what you can expect to take home after tax, Medicare levy, and superannuation.
| Component | Without HECS | With HECS |
|---|---|---|
| Gross Salary | $74,800 | $74,800 |
| Income Tax | -$13,228 | -$13,228 |
| Medicare Levy (2%) | -$1,496 | -$1,496 |
| HELP/HECS Repayment | $0 | -$2,244 |
| Superannuation (11%) | +$8,228 | +$8,228 |
| Annual Take-Home | $60,076 | $57,832 |
| Monthly Take-Home | $5,006 | $4,819 |
| Fortnightly Take-Home | $2,311 | $2,224 |
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Mortgage Broker Hourly Rate in Wollongong
Based on a standard 38-hour work week (Australian full-time hours):
Frequently Asked Questions
How much does a Mortgage Broker earn in Wollongong?
The average Mortgage Broker salary in Wollongong is $74,800 per year, or approximately $38 per hour. Salaries range from $44,000 to $176,000 depending on experience.
What is the take-home pay for a Mortgage Broker in Wollongong?
A Mortgage Broker earning $74,800 in Wollongong takes home approximately $60,076 per year after tax, or $5,006 per month. With a HECS debt, take-home drops to $57,832 per year.
How much do Mortgage Brokers make per hour in Wollongong?
Mortgage Brokers in Wollongong earn approximately $38 per hour on average, based on a 38-hour work week. Entry-level rates start around $22/hour, while senior professionals can earn up to $89/hour.
Is Wollongong a good place to work as a Mortgage Broker?
Wollongong offers Mortgage Broker salaries below average in Australia at $74,800. The city has a cost of living index of 82 (Sydney = 100), meaning living costs are lower than Sydney.
About Mortgage Broker Salaries in Wollongong
The average Mortgage Broker in Wollongong, New South Wales earns $74,800 per year, or approximately $38 per hour. Salaries typically range from $44,000 for entry-level positions to $176,000 for senior roles with extensive experience.
After income tax, Medicare levy, and other deductions, a Mortgage Broker earning the average salary in Wollongong can expect to take home approximately $60,076 per year, or $5,006 per month.
Wollongong is home to approximately 310,000 people and has a cost of living index of 82 (where Sydney = 100). This means living costs in Wollongong are lower Sydney.
Key Factors Affecting Mortgage Broker Salaries
- Experience Level: Entry-level positions start around $44,000, while senior roles can reach $176,000.
- Industry: Different industries offer varying compensation for Mortgage Broker roles.
- Company Size: Larger companies typically offer higher salaries and more benefits.
- Location: Wollongong's cost of living influences salary expectations.
- Hourly Rate: Based on a 38-hour week, Mortgage Brokers earn $$22-$89 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.