Being aware of the average cost of living and studying in Australia is important for your financial preparation while shifting abroad for higher education.
For your benefit, below are some of the costs of living in Australia.
( in Australian dollars). These costs are an approximation and don’t consider personal spending habits.
Accommodation
The place you will call your home has various options to choose from.
- Boarding Schools range from – $11,000 to $22,000 a year
- Homestays range from – $235 to $325 per week
- Hostels and Guesthouses range from – $90 to $150 per week
- On-campus costs could come to – $110 to $280 per week
- Rentals range from – $185 to $440 per week
- Shared Rental could come to $95 to $215 per week
Other living expenses
Once you settle on the kind of accommodation you want and start living there, then comes the overhead costs like:
- Phone and Internet charges range from – $15 to $30 per week
- Gas electricity costs about – $10 to $20 per week
- Groceries and eating out can come to around – $140 to $280 per week
- Private transport, i.e. Car (after purchase), could cost you – $150 to $260 per week
- Public transport ranges from – $30 to $60 per week
- Entertainment is subjective, but an estimate could be – $80 to $150 per week
Cost of living
You must meet specific financial requirements to receive a student visa for Australia as set by The Department of Home Affairs.
You must thoroughly Refer to the step by step process of the Student Visa Subclass 500 application and Document Checklist Tool to find out details on how you can provide the evidence needed to cover the costs of your stay, including study and living expenses your travel.
The 12-month living costs are As of October 2019;
- For guardians or students – AUD$21,041
- For partners that are coming with you – AUD$7,362
- For a child that is coming with you – AUD$3,152
If you are looking to work out how much money you might need, you can check out the Home Affairs website, which covers how to cover the costs of your stay in Australia as an international student.
Another valuable and practical tool to help get an estimate of your cost of living in Australia is the Insider Guides Cost of Living Calculator’
While you stay in Australia, if you experience financial trouble, you can talk to your student accommodation services staff for assistance or your institution’s international student support.
Study costs are dependent on your education provider, the level of program you choose and your location. You must refer to your institution’s website to determine the course fee and other overhead tuition fees required to determine the exact amounts.
Education costs
The following list gives you a broad idea of the range of yearly course costs for different types of qualifications.
- School fee ranges from – $7,800 to $30,000
- English language studies could cost around $300 per week depending on course length
- Vocational Education and Training range from ( Diploma, Advanced Diploma, Certificates I to IV,) – $4,000 to $22,000
- An Undergraduate Bachelor Degree is around – $20,000 to $45,000*
- A Postgraduate Masters Degree would cost you around- $22,000 to $50,000*
- A Doctoral Degree costs about- $18,000 to $42,000*
All costs mentioned above are in Australian dollars. To make your life easier, you can convert them to your currency by visiting http://www.xe.com.
- Please Note: These costs do not include the high price of delivery courses such as medical and veterinary. Please visit college websites to see the costs for these courses.
That brings us to the estimated costs you can keep in mind while preparing your finances for shifting to Australia.
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