The Department of Immigration and Border Protection (DIBP) requires evidence that applicants for a student visa have sufficient funds to complete their studies. Expenses to be considered include visa fees, Overseas Student Health Cover (OSHC), tuition fees, general living expenses and return airfares.
The Australian Government recommends a single student budget of $18,600 AUD per annum for living expenses. Accommodation costs are a large component of living expenses. Allowance should be made for recreation, emergencies and health expenses not covered by OSHC. Exchange rate variations may also affect budgeting. A married student will need an additional $5,000 AUD per year for a spouse and approximately $3,000 AUD per year per child.
(Based on shared accommodation)
|(Equal to 4 weeks rent)||$500 - $1200|
|2 weeks rent in advance||$250 - $600|
|Utility connection fees||$100 - $200|
|TOTAL||$850 - $2000|
(Based on a single student)
|Rent||$125 - $300|
|Electricity, gas, water||$10 - $20|
|Telephone and internet||$20 - $40|
|Food and groceries||$50 - $80|
|Public transport||$20 - $45|
|(clothing, health etc)||$10 - $15|
|Recreation and entertainment||$20 - $50|
|TOTAL||$245 - $550|