‘Not average’: Brisbane worker leaves Australians floored after revealing huge yearly salary
A Brisbane worker has left Aussies gobsmacked with her insane yearly salary after she was stopped on the street and asked what she does for work.
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An Australian mortgage broker has left people gobsmacked after revealing how much money she brings in each year.
The woman was stopped outside a gym in Brisbane by job search app Getahead and asked what she does for work.
Getahead is an Australian job platform that works like Tinder by allowing users to swipe through companies in order to find their best fit.
The woman revealed she was a mortgage broker and, when asked about her salary, she noted it was “very personal information”.
However, she quickly decided it was information she was happy to provide, revealing she makes “$300,000 plus” each year.
She said she had been working in the industry for over 10 years, having started when she was 35.
“It can be a huge workload. That’s why I go to this gym now, to balance out the stress and work,” the broker said.
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The video has been viewed more than 200,000 times and quickly racked up dozens of comments of people stunned by the woman’s salary.
However, many commenters were quick to explain that this was far from the average salary of a mortgage broker, noting it takes a lot of hard work to get to that level.
“This is not the average wage of a mortgage broker. Please believe me,” one person said.
Another pointed out that she has had over a decade to grow her earnings.
One said: “People don’t realise developing that portfolio of clients is the hardest part. Most won’t succeed at it.”
According to job platform SEEK, the average annual salary for a mortgage broker in Australia ranges between $80,000 to $100,000.
The website states that in general, brokers in Perth are paid a higher salary, with an average income of $125,000, followed by those in Canberra and the Gold Coast on about $110,000.
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The Brisbane worker revealed she gets paid on commission but also receives a “trail income” that is built up over time.
“Month to month it is whatever we settled the previous month on top of that,” she said.
Typically, Australian lenders pay an upfront commission to brokers for the introduction of home loans.
They then receive a trail commission, which is a deferred payment that the lender pays the broker over the life of the loan and is based off the loan balance.
After deciding she wanted to get into the industry, the woman completed a diploma of financial marketing and mortgage broking.
“Initially you are dealing with more first home buyers than anything else,” she said.
“Then, as you more your way through your career you are dealing more with investors, people wanting to upgrade.”
She now works for herself but noted that a lot of people in the industry start out working for someone else because you need a mentor for the first two years.
“Then, I think they start realising they could get the referrals on their own and then make more of a cut,” she said.
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Originally published as ‘Not average’: Brisbane worker leaves Australians floored after revealing huge yearly salary