Mortgage broker salary: what reaches your bank account after tax

Mortgage broker salary: what you actually take home

If you're comparing job offers as a mortgage broker, the headline figure isn't what lands in your account. You need to look at the mortgage broker salary after income tax and the Medicare levy. This guide uses current Australian benchmarks to help you work out your real take-home pay.

Salary benchmarks for mortgage brokers

According to the FinTalent FY26/27 salary guide, a mortgage broker with two to five years' experience in a broking business earns a base salary of $85,000 to $110,000 plus super nationally. Pay varies by city:

• Sydney: $95,000 – $120,000
• Melbourne: $90,000 – $115,000
• Brisbane: $85,000 – $105,000
• Perth: $80,000 – $100,000
• Adelaide: $75,000 – $95,000

These figures are base salary only, excluding superannuation. FinTalent notes that the median advertised package (including target commission) was $110,000 across 130 direct-employer ads.

Indeed's salary data shows an average base salary of $97,428 per year based on 233 reports updated to April 2026. Indeed also lists top-paying companies like Lendi at $250,000 per year (likely including commission).

How mortgage brokers are paid

Mortgage brokers often receive commission on top of a base salary. The MFAA factsheet explains that lenders pay upfront commissions (typically 0.65–0.70% of the loan amount) and trail commissions (around 0.15% per annum of the outstanding balance). This commission is revenue for the broking business, not your personal salary – after business costs, the broker pays themselves.

When you see a job ad quoting a package, it may include target commission. Your base salary is the guaranteed amount; commission is variable and taxed at your marginal rate when paid.

Tax and Medicare on your mortgage broker salary

For the 2026–27 tax year, resident tax rates are:

• Up to $18,200: nil
• $18,201 – $45,000: 15c per $1 over $18,200
• $45,001 – $135,000: $4,020 plus 30c per $1 over $45,000
• $135,001 – $190,000: $31,020 plus 37c per $1 over $135,000
• Over $190,000: $51,370 plus 45c per $1 over $190,000

You also pay the Medicare levy of 2% on your taxable income, unless you earn below the single threshold of $28,011 (no levy) or between $28,011 and $35,013 (shaded rate). Full-time salaries typically pay the full 2%.

For example, on a base salary of $97,428:

• Tax: about $21,000 (using the 30% bracket)
• Medicare: $1,949
• Take-home: approximately $74,500 per year, or $2,865 per fortnight

Use the Take-home pay guide or the Clearance tool to calculate your exact net pay.

Comparing job offers

When comparing two mortgage broker roles, look at:

1. Base salary – the guaranteed amount before tax.
2. Superannuation – 12% from 1 July 2026, usually on top of base.
3. Commission structure – upfront and trail, and how much you can realistically earn.
4. Location – Sydney pays more but cost of living is higher.

Remember that the Minimum wage is $26.44 per hour or $1,004.90 per week (from 1 July 2026). A mortgage broker salary well above that, but your take-home depends on the base and commission mix.