As a student visa holder, you will be required to have approximately AUD$20,290 per person per year for living expenses, as advised by the Australian Government. However, the actual cost depends on your individual lifestyle and you should budget for approximately AUD$25,000 per year per adult. Remember, your living expenses are separate from your tuition fees. To give you some more guidance on current living expenses, here are a few websites which will help you understand today’s market.
Melbourne is the second most expensive city in Australia, coming in just after
Sydney. However, for students who need to stick to a budget and a lowcost of living, there are plenty of opportunities to save money in the city, particularly when it comes to life’s 'nonessentials'. Here are a few websites which will help you further understand Melbourne’s living expenses.
In order to further understand the variance of living expenses between cities of AMTC locations, here is a great website to compare expenses between cities in Australia -
On 23 October 2019, the annual living costs amounts for students, guardians and accompanying family members was updated in line with Consumer Price Index (CPI) increases to mitigate the risk of visa holders falling into financial hardship during their stay in Australia.
The following annual living costs and expenses was updated:
Future financial capacity evidence requirement updates will be made on an annual basis in line with the CPI increases, with implementation at the end of each financial year.
Adjustments in the CPI are provided by the Australian Bureau of Statistics (ABS). We expect the next increase will occur after July 2020.