Cost of living in Australia: If planning to Accommodate

 

So you have decided to study in a place filled with stunning landscapes, friendly faces, and a laid-back lifestyle. But before you pack your bags, you might know how much money you will require to stay in Australia. Fear not, in this blog, we will break down the living costs in Australia.

It is a wonderful place to explore and study. Here, you can visit many iconic places while focusing on academics and careers. Moreover, the cost of living here is very effective, let's dive deep into this blog together.
 

Factors Affecting Living Costs in Australia

It is a perfect place for international students to study. However, living here may be on the higher side. There are many factors affecting the cost of living in Australia. Let's discuss these factors that affect living costs here:

1. Education Provider: A major part of your expenses includes your tuition fee at university. Evaluating your cost of living includes a particular university where you enroll for your higher studies. Studying abroad in Australia cost may vary depending on the course you are opting for. Generally, Postgraduation can cost you higher compared to an undergraduate degree.

2. Accommodation: Accommodation is considered a big expense for international students in Australia. It may vary depending on what type of accommodation you choose to live in. Many universities offer students facilities for accommodation and offer discounts on it. However, accommodating out-of-campus costs you depending on the place where you stay and the kind of accommodation you choose.

3. Exchange rate: While calculating your living costs in Australia, you must consider the exchange rate. If your country has a strong currency then it will be relatively inexpensive for you. But if your country's currency is not much, it could be expensive in terms of your home currency.

4. Location: Some of the places here are more expensive compared to others. Further, the location of your university and accommodation can be another factor that decides your cost of living. Places like Sydney, Melbourne, or Canberra can cost you a lot of expenses.

5. Spending Habits: Your spending habit eventually decides your cost of living. The amount you spend on eating out or for other entertainment purposes may increase your expenses. Spending cautiously keeps your cost of living in Australia minimal. However, you can manage your expenses by doing a part-time job here. The Australian education system allows students to do part-time jobs alongside their studies.
 

Cost Of Living In Australia

Earlier, you have learned about the factors that can affect your cost of living in Australia. Now it's time to take the next step: how much it will cost you to accommodate here? Living in Australia, you will rent a room, travel, and more. We will be discussing all these factors in brief.

1. Accommodation: This is the main expense for students in Australia. Further, accommodation not only includes the rent of a house but also the money required for utilities and services. The rent in Australia for students depends on the accommodation type, such as:

a) Hostels: Campus hostels can be the cheapest option for you to stay here. Most universities offer subsidies for hostels for international students. Furthermore, the average accommodation cost in the hostel will be around $90 - 280 per week.

b) Rented accommodation(single): You can rent a room outside the campus. These rooms have one-bedroom spaces that keep the living costs in Australia at a minimum. The average rent for these rooms will be around $160 - $440 per week.

c) Shared rented accommodation: You can keep your rent at a minimum by sharing accommodation with your peers. The shared room helps you divide the rent and keep your cost of living here minimal. The average rent in Australia for students for these rooms is around $85 - $215 per week.

d) Homestays: Another living option for international students in Australia. You here live with a family for the duration of your course. If your university is located in an expensive area, it will be a perfect choice. Further, the average housing expenses in this type of accommodation are around $110 - $270.

2. Traveling: Australia offers an excellent public transportation network and will help you to keep your expenses at a minimum. Further, trains and buses are the most affordable mode of transport. Moreover, you can get transportation arranged by your university if you reside within the campus. The average cost for your transportation will be around $30 - $60 per week.

3. Food: This country offers rich and diverse food options for international students. However, it can be a little bit expensive. If you are eating out the average cost for your meal will be around $18-$90, depending on the place you eat at. However, if you plan on cooking, then the average price for your groceries will be around $500 - $1000 per month.

4. Additional expenses: Additional expenses are shopping, health, phone, and internet. These expenses also increase your living costs in Australia. However, it may depend on how you spend your money on these expenses. To enhance your cost of living here, you will need to invest your money accordingly to make savings. It will help you to minimise your cost of living here.
 

Tips To Save Money In Australia

If you want to minimise your cost of living here, 

a) If you are renting, a shared unit/apartment/house you can share grocery and utility expenses.
b) Check your spending regularly to make possible savings.
c) Avoid shopping without a plan, and if you do, compare prices, and look out for deals and discounts.
d) ompare gas and electricity deals, and make sure you are getting the best rates.
e) Make your meals, and pack lunch, and breakfast at home. It will help you to minimise your monthly expenses in Australia.
 

Conclusion

Altogether, the living costs in Australia can be expensive, however, you can make it less expensive by spending money wisely. Moreover, it is a perfect place for students for their further studies. Together, you can do a part-time job that will help you balance your monthly expenses in Australia.

Read More

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