Choosing Australia as a study destination can be an exciting prospect for international students, thanks to its world-class universities, vibrant cities, and beautiful landscapes. However, understanding the financial aspects of studying and living in Australia is crucial for international students to prepare and budget accordingly.
Unlike some countries such as Germany, Australian universities charge tuition fees for all students, including international ones. These fees can vary widely depending on the university and the course of study. On average, international undergraduate students can expect to pay between AUD 20,000 to AUD 45,000 per year. Postgraduate courses can cost from AUD 22,000 to over AUD 50,000 annually. Specialised courses like veterinary science or medicine can have even higher fees.
The cost of living in Australia can be quite high compared to other countries, and it significantly varies from city to city.
Accommodation: Housing is one of the largest expenses. On-campus accommodation can range from AUD 110 to AUD 280 per week, while privately renting an apartment can cost between AUD 200 to AUD 400 per week, depending on the location and quality.
Food and Groceries: Students should budget about AUD 80 to AUD 280 per month for groceries, depending on what kind of foods you like to eat. Eating out is generally more expensive, with a single restaurant meal often costing between AUD 15 to AUD 30.
Transport: Public transport costs vary by city but expect to spend about AUD 30 to AUD 70 per month. Many cities offer concession fares for students, which can significantly reduce these costs.
Utilities and Internet: If you’re living off-campus, utilities like electricity, gas, and internet can add around AUD 20 to AUD 50 per week to your expenses. If you’re living in student accommodation, your utilities are normally included in your rent.
Overseas Student Health Cover (OSHC) is mandatory for international students in Australia. The cost of OSHC can vary depending on the provider and the length of your stay, but generally, it ranges from AUD 438 to AUD 606 per year for singles coverage.
There are only a few places that sell recognised OSHC plans, so ensure that you are purchasing your cover from a reputable provider. The best place to check for more information about which providers are registered, as well as to get further information about OSHC, is the Australian Government Private Health website.
The cost of obtaining a student visa (Subclass 500) for Australia is around AUD 630. There may be additional costs for biometrics, health checks, and police certificates, depending on your home country’s requirements.
READ MORE: Australian Student Visa Guide
Other expenses that students need to consider include:
Books and Study Materials: Depending on your course, this could range from AUD 500 to AUD 1,000 per year. You can make use of your library and shop for second hand books where possible.
Personal Expenses: Leisure activities, clothing, and other personal expenses can vary widely, but a budget of AUD 50 to AUD 100 per week is reasonable for a modest lifestyle.
Mobile Phone and Data: Plans start from around AUD 20 per month.
International students in Australia are allowed to work up to 40 hours per fortnight during the semester and full-time during university breaks. This can significantly help in managing living expenses.
Living expenses in Australia can vary greatly depending on where you choose to study. Cities like Sydney and Melbourne are generally more expensive, particularly in terms of rent, while cities like Adelaide and Perth can be more affordable.
To ensure a comfortable stay in Australia, it’s essential for international students to budget wisely and be aware of potential financial challenges. Many universities offer financial advice and support services to help international students manage their finances effectively.
In conclusion, while Australia offers excellent education and living standards, it does come at a cost. However, with careful planning and budgeting, studying in Australia can be a rewarding and enriching experience for international students.
Find out more about Funding and Scholarships for International Students.
Study in AustraliaBrowse our list of higher education providers in Australia.
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