Budgeting


Student Budget

Be realistic when it comes to budgeting for your travel expenses, tuitions fees and living expenses. It is important to know the living costs in Australia.

Accommodation

  • Hostels and Guesthouses – $110 to $170 per week
  • Shared Rental – $130 to $250 per week
  • On campus – $300 to $450 per week
  • Homestay – $300 to $365 per week
  • Rental – $250 to $450+ per week
  • Boarding schools – $12,000 to $22,000 a year

Other living expenses

  • Groceries and eating out – $80 to $250 per week
  • Gas, electricity – $35 to $140 per month
  • Phone and Internet – $20 to $99 per month
  • Public transport – $15 to $55 per week
  • Car (after purchase) – $150 to $250 per month
  • Entertainment – $80 to $150 per week

Minimum cost of living

The Department of Home Affairs has financial requirements you must meet in order to receive a student visa for Australia. From 1 July 2016 the 12 month living cost is:

  • You – $19,830 per year
  • Partner or spouse – $6,940 per year
  • Child – $2,970 per year (does not include education or child care expenses)

All costs are per year in Australian dollars.

Information provided by studyinaustralia.gov.au.