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:
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The figures do not include veterinary, medical courses, and other high-cost delivery courses.
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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:
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It might not be possible to accommodate all international students by the universities
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Students may have to stay outside the campus
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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
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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.
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The average cost of health insurance of an individual is roughly AUD 750 (INR 37,000) per year.
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You can purchase it privately or through an education provider.
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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.