Living cost in Australia | VEVS Global Nepal

Understanding the living cost and expenses in Australia is key to your financial preparation.

When it comes to your financial planning, there will not be a “one size fits all” plan, your costs of living in Australia largely depend on how lavish you live and what your weekly routine is. The living cost, as stated by Study Australia, is $21, 041 for 12 months. If your student visa includes a partner, their living cost would be $7, 362.

So here are a few things to keep in mind:

Accommodation
There are a few accommodations that international students prefer, which vary in price:
- On-campus accommodations → These accommodations are one of the easier ways to meet new friends, with extra bonuses such as saving your transportation costs. Oftentimes, you can select a package that is inclusive of meals. The average cost ranges from $110 to $280 per week.
- Hostels or Guesthouses → These typically include water, electricity, and wifi costs, and range from $90 to $150 per week.
- Shared rental → International students can either rent a private room in a house or rent a shared house with friends. Electric, water, and utility bills might not be included in your rental agreement. The average cost ranges from $95 to $ 215 per week.
- Homestay → For international students below the age of 18, they would typically stay with their guardian parents in their houses. Rent usually ranges from $235 to $325 per week.
- Rental unit → For those who would rather stay alone, there are rental properties in the Perth CBD, as well as many around the education institution’s campus. Depending on preferences, there are apartments, units, or houses available for short or long-term rent. The average cost ranges from $185 to $440 per week.
Food and drinks
With so many choices for food in Perth, you may want a general idea of the prices between cooking or eating out. The general expense for a week of groceries and eating out total to be between $140 to $280 per week.
Groceries for one person for a weekly average of $122 for food and drinks, with inexpensive restaurant meals ranging from $14 to $35 for one person.
Transportation
There are many ways to move around Perth through public transportation – such as trains, buses, or ferries. The average cost you should set aside for transportation ranges from $30 to $60 per week.
Entertainment
With so many things to do in Perth, the amount you should set aside for entertainment relates to how often you partake in activities, and can largely range from person to person. The average cost you should set aside for entertainment ranges from $80 to $150 per week.

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