Breaking down the real cost of studying in Australia

Australia is one of the world's top study destinations — world-class universities, an incredible lifestyle, and strong post-study work rights. But it's also one of the more expensive places to be an international student. Understanding the full picture before you arrive can save you from stressful surprises.

How it works

The total cost has four main pieces: tuition fees, living expenses, OSHC health cover, and visa-related costs.

Tuition varies wildly by level. An undergraduate degree typically runs $20,000–$40,000 per year, while an MBA can hit $60,000–$90,000. Vocational courses (VET) are more affordable at $4,000–$22,000 per year. English language courses (ELICOS) are charged weekly — budget $300–$450 per week.

Living costs depend heavily on your city. The Department of Home Affairs requires you to show $29,710 for living costs in your first 12 months (the "financial capacity" test). In practice, Sydney and Melbourne cost more — $24,000 and $21,500 per year respectively — while Hobart and Darwin are closer to $17,000.

Add on OSHC (~$590/yr for a single student), the visa application fee ($1,600), and one-off costs like flights and a health exam, and a two-year Master's in Sydney can easily exceed $100,000.

Australian context

Australia has over 700,000 international students, making education one of the country's largest exports. The government sets minimum financial thresholds that you must prove when applying for your student visa (subclass 500). As of 2026, the key numbers are:

• Primary applicant living costs: $29,710 for 12 months
• Partner/spouse: Additional $10,394
• Per child: Additional $4,449
• Annual income option: If your parent/partner earns at least $76,465, that can satisfy the requirement instead

City choice makes a huge difference. An international student in Hobart might spend $17,000/yr on living costs versus $24,000 in Sydney — that's a $21,000 saving over a 3-year degree.

Common mistakes

• Underestimating rent: University accommodation guides often quote shared housing rates. A private studio in Sydney's inner suburbs can easily cost $500–$700/week.
• Forgetting OSHC: Health cover is mandatory and must be arranged before your visa is granted. You can't "sort it out later."
• Ignoring exchange rates: If your home currency weakens 10% against the AUD, your real cost goes up by thousands. Budget with a buffer.
• Assuming you can work enough: Student visa holders can work 48 hours per fortnight during term time. Don't count on work income to cover all your costs — treat it as a supplement.
• Forgetting the "show money": You need to prove you have funds upfront, not just earn them later. Bank statements, loan sanction letters, or scholarship letters are accepted.