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What's the cost of studying in Australia?
Gayathri Gopakumar

Meet Gayathri - a Content Editor at Hotcourses India- an IDP company. A once-international student herself- she loves to research & give insights into the world of global education through her writing. When she isn’t working, you'll find her playing, travelling or binge-watching just about anything.

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27 Apr 2019 4.7K Book icon 2 mins Share

What's the cost of studying in Australia?

Here is everything you need to know about the cost and expenses of studying in Australia. Read till the end.

27 Apr 2019 4.7K Book icon 2 mins Share
What's the cost of studying in Australia?

Australia or ‘Straya’ as the natives call it, has more to offer you than its scenic beauty. We know you’re planning to study in Australia and that’s a great choice. It is the third most popular study destination among international students and 2016 saw a whopping 440,949 international students in the island country! So you’re not alone in that choice, my friend. It’s no surprise that Australia is a great study destination – take a look at few quick facts here:

  • 9 among world’s top 200 universities are Australian
  • 5 of 30 top rated student cities worldwide are in Australia – going by affordability, quality, employability and diversity
  • 16 Australian universities are in the top 100 universities ‘under 50’ (THE 2018) 

To live and study in a country that’s so popular and top-ranking among international students is naturally expected to cost a bomb for living. But, here’s where your choice to study in Australia is the best – the living expenses and tuition fees are much lower in Australia, when compared to the US and UK.

We’ll give you a complete breakdown of living and tuition expenses and you’ll get a fair idea about how much you’re going to invest. But before that, it is also prudent to know about the Australian currency. One Australian dollar (AUD) has 100 cents. The notes are issued in denominations of AUD 5, AUD 10, AUD 20, AUD 50 and AUD 100, while the coins come in denominations of 5c, 10c, 20c, AUD 1 and AUD 2.

Tuition cost

According to the official government site, the *cost of studying in Australia is 

  • For bachelors – AUD 12,000–30,000
  • For masters – AUD 28,000–42,000

*Private universities may charge more

It’s better to check the official websites of universities to get a clear idea on the cost of studying. For example –

  • MBA at the University of Technology, Sydney can cost you AUD 19,960 per semester – which adds up to about INR 20,00,000.
  • MBA at the Curtin University is a 1.5-year programme which costs AUD 51,800 in total and AUD 41,600 per year.
  • Deakin University offers a two-year MBA programme, which costs AUD 37,000 per year.

Scholarships

Universities in Australia generally offer 10-15% scholarships for all programmes on offer. However, Deakin University provides 15-20%, while La Trobe University and Swinburne University give up to 25% scholarship.

Living expenses

According to the Australian Government, a single student will need roughly AUD 20,290 per year for living expenses. This category of living expenses essentially includes accommodation (which is a major component) and other expenditure such as recreation, health and emergencies. To make it easy for you, we have further chalked out the various living expenses you’ll incur while studying in Australia.

Accommodation

There are 4 basic options of accommodation for international students in Australia – on-campus, flats, hostels and homestays. Many students prefer to share accommodation to save money. So, you can choose one that suits your needs and budget.

  • On-campus – AUD 90 to AUD 280 per week
  • Rental - AUD 165 to AUD  440 per week
  • Shared rental - AUD 85 to AUD 215 per week
  • Hostels and guesthouses - AUD 90 to AUD 150 per week
  • Home stay - AUD 235 to AUD 325 per week

Amenities

  • Public transport - AUD 15 to AUD 55 per week
  • Entertainment - AUD 80 to AUD 150 per week
  • Groceries and dine outs - AUD 80 to AUD 280 per week
  • Gas, electricity - AUD 35 to AUD 140 per week
  • Phone and Internet - AUD 20 to AUD 55 per week

Which are the top universities in Australia?

Now that you’ve got the exact idea of how much studying in Australia will cost you, your next step should be to shortlist universities. Here, take a look at the popular universities in Australia and see which suits your profile the best:

Right from helping you choose the right university to sorting out your entry requirements and application process – our expert counsellors will give you personalised support and first-hand information about studying in Australia. All you have to do is sign up in our ‘call back’ form and you can avail our expertise right away!

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