Wondering how to manage your expenses in Australia? Here’s our guide to help you!

Studying abroad can be very expensive, but the key to managing your expenses is to plan your budget wisely so that you can keep a firm grip on your finances. When calculating the estimated cost of studying in Australia, make sure to include expenses such as accommodation, food, health insurance, and travel in addition to your tuition fee. This will allow you to better plan your budget.

Total Cost of studying in Australia from Nepal

Costs for English Proficiency Test

In order to apply for Australia, you have to pass your English Proficiency Test i.e. IELTS or PTE. You can prepare for these tests by yourself but you can also get professional guidance which will cost you from NRS. 5,000 to NRS. 15,000 or more depending on the institution.

Similarly, your IELTS Registration fee will be NRS. 25,300 for Paper-Based IELTS test and NRS. 23,650 for the Computer-delivered IELTS test. And the Registration fee for PTE exams is USD 180 from Nepal.

Financial Capacity required to apply for a student visa for Australia from Nepal

In order to apply for your student visa, there are requirements for the visa applicant to be able to afford all the costs associated with the study in Australia.

How much money is required to study in Australia?

The estimated bank balance required for an Australian student visa from Nepal are:

  • Undergraduate Degree: NRS 40,00,000 – NRS 50,00,000
  • Postgraduate Degree (Applicant): NRS 45,00,000 – NRS 55,00,000
  • Postgraduate Degree (Applicant with Dependent): NRS 55,00,000 – NRS 70,00,000
  • sufficient funds to cover travel costs to Australia as well as 12 months’ tuition, living, and schooling costs (for school-aged dependents, if applicable) for the primary visa applicant and accompanying family members

above figures depend upon courses, locations, and education institutions

Looking for Step by Step Student Visa process for Australia from Nepal? Click here.

Student Visa Costs for Australia from Nepal

The first expense that you’ll have to shell out while studying abroad in Australia is your student visa. An Australian student visa costs approximately $606 i.e., 52,312.33 NRS. However, there are many subclasses of visas that are available for international students in Australia. You can contact Vevs counselor for the most recent updates and information on the visa application process and associated costs.

Visa subclassBase application chargeAdditional applicant charge
18 and over
Additional applicant charges under 18Subsequent temporary application charge
Student visa (subclass 500)$630$470$155$700
Student visa (subclass 500) (subsequent entrant)$630$470$155$700
Student visa (subclass 500) – Foreign Affairs or Defence sectornilnilnilnil
Student visa (subclass 500) – Postgraduate research sector$630nilnilnil
Student Guardian (subclass 590)$630nilnil

Source: https://immi.homeaffairs.gov.au/visas/getting-a-visa/fees-and-charges/current-visa-pricing/study

Study costs in Australia for Nepalese students

Your study costs in Australia will be determined by the type of qualification you pursue and the university or school you attend. For example, if you are in Australia pursuing Veterinary and medical degrees, your study costs are significantly more expensive than other degrees. However, tuition fees at Australia’s tertiary institutions typically range between AUD 20,000 and AUD 30,000 per year.

The table below provides a general idea of the range of course costs (yearly) for various types of qualifications.

Study ProgramAverage fees in AUD*
1 AUD = 86.55 (2/16/2022)
School$7,800 to $30,000 annually
6,75,108.55 to 25,96,571.36 NRS
English language studies$350-450 weekly (varies as per course length)
30,293.33 to 38,948.57 NRS
Vocational Education and Training (Certificates I to IV, Diploma and Advanced Diploma)$4000 – $22,000 annually
3,46,209.51 to 19,04,152.33 NRS
Undergraduate Bachelor’s degree$20,000 – $45,000* annually
17,31,047.57 to 38,94,857.03 NRS
Postgraduate Master’s Degree$22,000 – $50,000* annually
19,04,152.33 to 43,27,618.93 NRS
Doctoral Degree$18,000 – $42,000* annually 15,57,942.81 to 36,35,199.90 NRS

*Please note all figures are indicative

Source: https://www.studyaustralia.gov.au/english/live/living-costs

Accommodation costs for Nepalese students in Australia

Most Australian universities provide on-campus housing for international students. Moreover, You can also choose off-campus housing, where you can share apartments with other Nepalese students or stay with a local Australian family. Rent is usually paid in advance every two weeks. Keep in mind that rental rates differ from city to city.

This table shows approximate rents for different housing options in Australian cities.

Accommodation typeExpenses (Indicative)
1 AUD = 86.55 (2/16/2022)
Hostels and Guesthouses$90 to $150 per week
7,769.16 to 12,948.60 NRS
Shared Rental$95 to $215 per week
8,200.78 to 18,559.65 NRS
On-campus$110 to $280 per week
9,495.64 to 24,170.71 NRS
Homestay$235 to $325 per week
20,286.13 to 28,055.29 NRS
Rental$185 to $440 per week
15,969.94 to 37,982.55 NRS

Source: https://www.studyaustralia.gov.au/english/live/living-costs

Living Expenses for Nepalese students in Australia

While the biggest expenses for you while studying in Australia will be your study costs and accommodation costs, you will have to keep some money aside for your weekly grocery shopping, social life, and other emergencies. Additionally, it’s always a good idea to keep track of your expenses so that your budget is on track and you don’t overspend as well.

Here’s a list of some day-to-day expenses that you’ll have to budget for while living as an international student in Australia.

Living expensesWeekly budget (indicative)
1 AUD = 86.55 (2/16/2022)
Groceries and eating out$140 to $280
12,085.36 to 24,170.71 NRS
Gas, electricity$10 to $20
863.24 to 1,726.48 NRS
Phone and Internet$15 to $30
1,294.86 to 2,589.72 NRS
Public transport$30 to $60
2,589.72 to 5,179.44 NRS
Car (after purchase)$150 to $260
12,948.60 to 22,444.23 NRS
Entertainment$80 to $150
6,905.92 to 12,948.60 NRS

Source: https://www.studyaustralia.gov.au/english/live/living-costs

Transportation Costs in Australia for Nepalese Students

Australia has a very developed network of public transport in most Australian Cities. So, when students go to study in Australia from Nepal, Weekly transportation around Australian cities will cost you around $30 to $60 depending on the city and your schedule. Opal card is the smart ticketing system that will get you around in Sydney whereas Myki will get you around in Melbourne. These cards will cost you approximately $50 a week. 

Insurance costs for international students in Australia

International students pursuing formal studies in Australia, as well as their dependents (spouses and children under the age of 18), must obtain OSHC (Overseas Student Health Cover). It includes coverage for

  • doctor visits
  • some hospitalization
  • ambulance service
  • a limited supply of pharmaceuticals (medicines).

You’ll have to spend an average of $500 annually for your OSHC in Australia depending on the insurance provider.

Tax costs for international students in Australia

While you get to work part-time as an international student in Australia then you will need to acquire a Tax File Number (TFN) to be able to work. Similarly, you are permitted to work 20 hours per week during academic sessions and full-time during vacations under this arrangement. If you choose to work in addition to your studies, your earnings will be taxed, but the good news is that the majority of international students are eligible for a tax refund at the end of the year. Part-time students in Australia pay an average of 15.5% income tax on their earnings.

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