As an international student, you should have at least $29,710 as proof of financial capacity. Plan for first-year tuition, AUD 29,710 for 12 months living costs as the current financial capacity requirement, Overseas Student Health Cover, the student visa fee, and flights. A realistic initial budget is often between AUD 40,000 and 70,000, depending on your course, city, and lifestyle.
Budgeting your finances would include these considerations:
Student Visa Application (AUD 2,000)
Mandatory pre-requisites to studying in Australia
Tuition Fees
Living Expenses
Miscellaneous expenses
Upfront costs include tuition deposits, OSHC for the full visa length, and accommodation bond. Major cities like Sydney and Melbourne cost more for rent and transport. Regional or smaller cities are often cheaper and may offer extra scholarships.
You can reduce upfront costs by paying tuition per semester where allowed, choosing shared housing, and using student discounts. Working part time can help with daily expenses, but you must still show the required financial capacity when applying for the visa.