Financial guidance

Total Expenses to study in Australia - Cost of Studying in Australia in Indian Rupees

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Surbhi Singh
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Total Expenses to study in Australia - Cost of Studying in Australia in Indian Rupees Image

A popular study abroad destination for students, Australia has one of the best masters courses in the world. 7 Australian universities rank among the top 100 in the world according to QS World University Rankings 2020.  

This blog post will help you have a picture of all the expenses in your study abroad destination, Australia. But, before we get into fine details of the expenses, let us have a broad overview of the major costs of MS in australia in rupees.

 

Expenses

Cost in AUD

Cost in INR

Application fees (One time)* 50 - 100 2500 - 5000
Tuition Fees 20,000 - 50,000 9,70,000- 24,30,000
Flight Tickets 2,000 97,000
Registration for English test (One time) 288 14,000
Visa application (Student Subclass 500) 620 30,000
Living expenses (yearly)* 21,041 10,22,000
Health insurance (yearly) 750 36,000
Total 44,800 - 74,800 21,75,000 - 36,30,000

*Living expenses are as required for procuring Australian Visa

Cost of Education in Australia

The figures in the table below show the yearly cost of overseas education for international students to study in Australia.

Course

Cost in AUD

Cost in INR

Vocational Education and Training 4000 - 20,000 1,95,000 - 9,70,00
Undergraduate Bachelor Degree 20,000 - 45,000 9,71,000 - 21,90,000
Postgraduate Masters Degree 22,000 - 50,000 10,70,000 - 24,28,000
Doctoral Degree 18,000 - 42,000  8,75,000 - 20,40,000

Note: 

  • The figures do not include veterinary, medical courses, and other high-cost delivery courses.

  • For high ranking universities, the fees may be more. It's always good to check on the official website of your desired university.

Accommodation Cost in Australia

Are you someone who doesn't like to spend too much? Well, it is always good to keep a check on your spending routine and manage your expenses. Now, let us go through some figures to give you an idea of what you will be spending on accommodation in Australia.

Stay Type

Cost in AUD

Cost in INR

Hotels and Guesthouses 90 - 150 4,400 - 7,200
Homestay 235 - 325 11,000 - 16,000
Rental 185 - 440 9,000 - 21,000
Shared Rental  95 - 125 4,600 - 6,000
On-campus 110 - 280 5,000 - 13,000

*Figures per week

Note:

  • It might not be possible to accommodate all international students by the universities

  • Students may have to stay outside the campus

  • Sharing your private space immensely reduces the cost of living 

Cost of living in Australia for International Students

 You know that story doesn’t end at finding a place to stay at. There are so many other living expenses. Let’s jot the breakdown of living costs in Australia for you.

Daily Expenses

Cost in AUD

Cost in INR

Quick Tips

Groceries and eating out 140 - 280 7,000 - 14,000 Find the cheapest supermarkets in your area, e.g., Woolworth, Aldi, Coles.
Phone and internet 15 - 30 700 - 1,500

Search for money-saving calling plans

Ask for student discounts

Gas and electricity 10 - 20 1,000 - 5,000 Cooking at home saves a lot of money!
Public transport 30 - 60 1,400 - 3,000

Get a pass- monthly or weekly for bus or train

Ask for student discounts

You can rent a bicycle

Entertainment 80 - 150 3,800 - 7,200 This is up to you!
Car maintenance 150 - 260 7,200 - 12,000 Only if you buy a car!

*Figures are per week.

If these expenses are worrying you, do remember that you can always work while studying in Australia and multiple work opportunities are available. 

Health Insurance 

  • It is mandatory to purchase an Overseas Student Health Cover (OSHC) as a part of your visa application process as directed by the Department of Immigration and Citizenship.

  • The average cost of health insurance of an individual is roughly AUD 750 (INR 37,000) per year. 

  • You can purchase it privately or through an education provider. 

  • In any of the cases, you have the sole responsibility of maintaining the policy.

Airfares 

Time to fly to Australia! One time fare can be around 1,00,000 INR. You also need to have return fare as a part of funds while applying for an Australian Visa. 

Other costs

 Now, that you have seen the major cost of living expenses and tuition costs, have a look at the table below for other little expenses.

Other Expenses

Cost in AUD

Cost in INR

Key Points

Books and study material annually 500 - 1,000 25,000 - 50,000

Reading online may reduce cost.

Student Service and Amenities fees Maximum 289 15,000

Only some universities charge this

Check beforehand

Taxes Depends on your income -

Get a Tax File Number (TFN) before working

Remember that your income is taxable

 

Planning your finances before leaving your home country is a good idea. You can know more about why choose Australia, available scholarships, popular cities, courses, visa process, stay back options, and other details in our Australia guide. We hope this blog post helps you to plan your expenses for studying in your dream country. Yocket wishes you all the best in your journey ahead.