To help you plan and prepare your budget, below you will find the Australian Government estimated costs of living and studying in Australia.
Check the Cheap and Free Guide (PDF 464KB)* for some tips on how to save time and money in Melbourne.
Please be aware that these costs will vary depending on your accommodation type, lifestyle and other factors.
Estimated living costs for one student (A$) - Annual*
|Establishment costs |
(average total cost, including bond/rent in advance, utilities connections and household items)
|Books & Stationery||683||683||683||683||683||683|
(including rent, food, household items, utilities, transport and entertainment)
|Annual Total Estimate||21,730||20,735||16,521||16,521||16,551||24,613|
*Important table key
- Costs will vary depending on your lifestyle
- Assumes shared with others.
- Bond is a security deposit that is paid only at the start of your lease. Is usually equal to your first month of rent and it is refunded at the end of your stay provided no money is due, you have given the required period of notice, and that you have caused no damage to the property. Note that some private student accommodation providers will deduct a cleaning charge at the end of your stay.
- Tenants are legally liable to pay rent for 52 weeks when signing a lease for one year.
Estimated price ranges
- Hostels and Guesthouses - $90 to $150 per week
- Shared Rental - $85 to $215 per week
- On campus - $90 to $280 per week
- Homestay - $235 to $325 per week
- Rental - $165 to $440 per week
- Boarding schools - $11,000 to $22,000 a year
Other Living Expenses
- Groceries and eating out - $80 to $280 per week
- Gas, electricity - $35 to $140 per week
- Phone and Internet - $20 to $55 per week
- Public transport - $15 to $55 per week
- Car (after purchase) - $150 to $260 per week
- 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 1st February 2018 the 12-month living cost is:
- You - $20,290
- Partner or spouse - $7,100
- Child - $3,040
All costs are per year in Australian dollars. To convert to your own currency, visit http://www.xe.com/