Estimate your first three years of broker earnings
Launching a broking business is exciting, but the numbers can feel uncertain. Our calculator gives you a clear, realistic view of your potential earnings, helping you plan ahead and take your next steps with confidence.
How the calculator works
Year one: Upfront on your year one settlements, plus trail that begins to accrue as loans settle.
Year two: We increase your number of settlements by 20%, pay trail on the the loans settled in year one, plus those that begin to accrue in year two.
Year three: We assume your number of loans settled increases by another 20%, and your trail continues to accumulate as per the previous year.
It's important to note that this model also includes consideration for clawback, loan book attrition and an aggregator passthrough rate.
We have used industry and Australian averages for the purpose of providing you with estimated revenue. These amounts vary between lenders, aggregators and the market.
What can change your result?
- Average loan size by market and customer mix
- The number of loans you settle in year one
- Your aggregator passthrough percentage
- Early discharges and refinances that affect clawback and trail
- Your marketing, partnerships and conversion rate
Take the next step in your career
Joining the MFAA positions you as a professional from day one. Backed by a network of over 16,000 members, you'll gain the tools, confidence and credibility to make a lasting impact for your clients.
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Need a hand with terms?
Confused about commissions? Check out our glossary for simple explanations of key broking terms.
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