Living Cost in Australia

Knowing the average living costs in Australia is an important part of your financial preparation. For your reference, here are some of the costs associated with living and studying in Australia. (All costs are in Australian dollars.)

Accommodation

Hostels and Guesthouses - $80 to $135 per week
Shared Rental - $70 to $250 per week
On campus - $80 to $250 per week
Homestay - $110 to $270 per week
Rental - $100 to $400 per week
Boarding schools - $10,000 to $20,000 a year
Other living expenses

Groceries and eating out - $80 to $200 per week
Gas, electricity - $60 to $100 per week
Phone and Internet - $20 to $50 per week
Public transport - $10 to $50 per week
Car (after purchase) - $150 to $250 per week
Entertainment - $50 to $100 per week
Minimum cost of living

The Department of Immigration and Border Protection has financial requirements you must meet in order to receive a student visa. Below is a guide on the requirements you must meet to study in Australia:

You - $18,610
Your partner - $6,515
Your first child - $3,720
Every other child - $2,790
All costs are per year in Australian dollars. To convert to your own currency, visit http://www.xe.com/ (opens in a new window)

The Australian Government provides information and guidance on managing your finances. You can read more at www.moneysmart.gov.au (opens in a new window)

If you experience financial trouble while in Australia, talk to your institution’s international student support staff for assistance.