Obtaining a student visa to Australia requires from every prospective international to fulfil with certain requirements imposed by the Department of Home Affairs. One of the main conditions of your student visa is that you must have sufficient funds to cover all your expenses whilst studying in Australia. This includes tuition fees, living expenses, Overseas Student Health Cover, return airfares and visa fees.
The Department of Homes Affairs explains in detail all the documents required, eligibility and criteria that international students must fulfil in order to have the visas approved. It is worth checking the website for more information.
Nonetheless, knowing the average living costs in Australia is an important part of your financial preparation. The Australian Government recommends a single student budget of AU $20,290 per year, with an additional AU $7,100 per year for a spouse and AU $3,040 per year, per child. The student visa allows international students to work during their studies, however, we strongly recommend you have additional funds should you need.