The
Department of Home Affairs has financial requirements you must meet in order to receive a student visa for Australia.
Refer to the step by step
Student Visa Subclass 500 application and Document Checklist Tool for details on how to provide the evidence required to cover the costs of your stay, including your travel, study and living expenses.
As of October 2019 the 12-month living costs are;- For students or guardians – AUD$21,041
- For partners coming with you – AUD$7,362
- For a child coming with you – AUD$3,152
The Home Affairs website covers in more detail how to
work out how much money you might need to cover the costs of your stay in Australia as international student.
The Insider Guides ‘Cost of Living Calculator’ is also a useful, practical tool to help estimate your
cost of living in Australia
www.insiderguides.com.au/cost-of-living-calculator/.
If you experience financial trouble while in Australia, talk to your institution’s international student support and student accommodation services staff for assistance.