![]() It is important to consider pre arrival costs such as Overseas Student Health Cover (OSHC) as well as your student visa and initial flights when budgeting for your Sydney stay.Īs a good starting point, we recommend having a further $2,000 outside the $21,041 to cover initial upon arrival costs of items including textbooks, rental bond, should it be required, airport transfer costs and other settling expenses. Shoes and clothes for all members of the family. This might change depending on whether or not you’re working from home, but some should still be allotted to understand your budget as a whole. ![]() These costs do not factor in things like program tuition fees, required textbooks, public transport or medical expenses. The money you spend on public transit, taxis, fuel, vehicle insurance, maintenance, and parking are included in this category. Housing and household expenses make up the largest portion of our living expenses at 1,784 per month, combined. These cost allocations are intended as a guide only and will vary greatly dependant on an individual's spending habits, and lifestyle choices. This means that you will need approximately $1,754 per month for accommodation, food, utilities and entertainment. A typical personal finance budget would call for spending 30 take-home pay on rent or housing expenses, 10 to 15 on food, and 5 to 10 on utilities, Hao says. The Australian Department of Home Affairs requires students to have the financial capacity to cover living costs of at least $21,041 per year (not including course fees). You should budget a total of 10,360, or 1,151 for 9 months Educational Costs Communication Costs Personal Costs Transportation Costs Insurance & Misc. To start with, we recommend you have at least $A2,000 available to cover the initial costs of books, rental bond and other settling expenses.
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