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Cost guide

How much does a mortgage broker cost in Australia? (2026)

Updated 3 October 2026. Prices from the public sources listed at the end. General information only, not advice for your situation.

By Nicholas Reid, Founder, FIZO

How this guide is written: facts only from the named public sources below. FIZO does not give financial advice.

The short answer

Usually $0

to you. The lender pays the broker a commission when your loan settles. If a broker does charge you, they must quote it in writing first.1

How a broker is paid

WhatTypical price
What you payFor most home loansUsually $0the lender pays1
Upfront commissionPaid by the lender when the loan settles0.65% to 0.70%of the loan, once1
Trail commissionPaid by the lender each month, on the balanceAbout 0.15%of the balance, each year1

On a $600,000 loan1

The lender pays the broker about $3,900 to $4,200 when it settles.

Then about $900 a year in trail while the balance is near $600,000, less as you pay it down or use an offset.

None of that is added to your loan. If you refinance within about two years the lender can claw some back from the broker, and the broker cannot pass that on to you.

A worked example to show how the numbers add up, not a quote.

Get three quotes and compare

Tell us once and hear from up to three mortgage brokers who cover your postcode, every one matched to the regulator’s register. Free, no obligation.

17,446 mortgage brokers listed·12,758 matched to the ASIC credit register

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What pushes the price up

  • Unusual loans. Some brokers charge a fee for complex, commercial or hard-to-place loans.
  • Small loans. Where the commission would be small, a broker may ask for a fee.
  • Refinancing early. Moving within the clawback period can affect the broker, never what you owe.
  • The loan itself. The bigger cost is the loan. Compare rates and fees across the options you are shown.

Good to know: Brokers must act in your best interests by law, tell you what commission they may receive, and show you more than one option.2

Four questions to ask for a quote

  1. How many lenders are on your panel?
  2. What commission will you receive on this loan?
  3. Will you charge me any fee at all?
  4. Do you hold an Australian Credit Licence, or act for someone who does?

Quick answers

How much does a mortgage broker cost in Australia?

Usually $0 to you. The lender pays the broker a commission when your loan settles. If a broker does charge you, they must quote it in writing first.

What makes it cost more?

Unusual loans: Some brokers charge a fee for complex, commercial or hard-to-place loans. Small loans: Where the commission would be small, a broker may ask for a fee. Refinancing early: Moving within the clawback period can affect the broker, never what you owe. The loan itself: The bigger cost is the loan. Compare rates and fees across the options you are shown.

What does a mortgage broker have to do for me?

Brokers must act in your best interests by law, tell you what commission they may receive, and show you more than one option.

Ready for a quote?

Tell us once and hear from up to three mortgage brokers who cover your postcode, every one matched to the regulator’s register. Free, no obligation.

17,446 mortgage brokers listed·12,758 matched to the ASIC credit register

Get matched, free

Where these prices come from

  1. MFAA (Mortgage & Finance Association of Australia), How brokers are remunerated
  2. ASIC Moneysmart, Using a mortgage broker

FIZO does not set or collect fees. Prices are what the sources report, rounded as they publish them. Your quote will depend on your situation.