Living expenses

Discover what to expect when it comes to the cost of accommodation, utilities and transport in Australia.

Banking in Australia

You’ll need to open a bank account in order to start saving and to avoid international fees. Learn more about banking in Australia here.

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Cost of living

Understanding your living costs and planning a budget will set you up for success. You will need to consider the cost of accommodation, utilities, transport and groceries in Australia. Learn more about living costs at Study Australia and use their Cost of Living Calculator to get a broad estimate of potential costs.

As a general guide, the Australian Government advises all student visa applicants to budget AU$29,710 per year (2024) for living expenses. However, this amount may change depending on your accommodation and lifestyle preferences.

Budgeting tips

Follow these tips to make your cash go further

Save money on food

Make your own coffee. Barista-made coffee might be amazing – but having an extra $30 in your bank account tastes much sweeter!
Cook your own meals. There’s no need to go to restaurants or order takeaway when you can create it yourself. Jump online to find some awesome step-by-step instructions for any recipe you can think of.
Home Brand is your friend! Home Brand is the plain packaged food at supermarkets. It’s great quality and will save you hundreds.
Drink water. Save other drinks for the weekend; it will help you save money and it’s good for your waistline.

Save money on textbooks

Textbooks are one of the most expensive supplies you will purchase at university. Check out some great places to get second hand books.

Save money on furniture & appliances

If you are choosing to live in a private rental, you will need to buy some household items. Check out the following stores online.

And finally… don’t pay ATM fees!

Withdraw cash from your bank’s ATM to avoid paying extra fees.

Learn more about banking in Australia.