Australia has a high standard of living and is among the happiest countries in the world (World Happiness Report 2017). It has four of the 30 best cities in the world for students (QS Top University Rankings 2017), so you are sure to enjoy your time here. Yet it is also costly to live. No matter what type of study you are doing in Australia, whether you are here for a few months or a few years, some research and planning will help you have a safe and rewarding study experience.
- Planning your departure
- Arriving in Australia
- Accessing support services
- Remaining visa compliant
- Working while you study
- Living costs and ﬁnding accommodation
- Health and safety.
The Australian Government has provided an approximate guide estimate of the average living expenses below to help you prepare financially for your studies (Source: https://www.studyinaustralia.gov.au/english/live-in-australia/living-costs)
- Hostels and Guesthouses - $90 to $150 per week
- Shared Rental - $85 to $215 per week
- On campus (not available at SMEI) - $90 to $280 per week
- Homestay - $235 to $325 per week
- Rental - $165 to $440 per week
- Boarding schools - $11,000 to $22,000 a year
Other living expenses
- Groceries and eating out - $80 to $280 per week
- Gas, electricity - $35 to $140 per week
- Phone and Internet - $20 to $55 per week
- Public transport - $15 to $55 per week
- Car (after purchase) - $150 to $260 per week
- Entertainment - $80 to $150 per week
Minimum cost of livingThe Department of Home Affairs has financial requirements you must meet in order to receive a student visa for Australia. From 1st February 2018 the 12 month living cost is:
- You – $20,290
- Partner or spouse – $7,100
- Child – $3,040
All costs are per year in Australian dollars.
The Australian Government provides information and guidance on managing your finances. You can read more at www.moneysmart.gov.au
If you experience financial trouble while in Australia, talk to SMEI student support staff for assistance. There are support services at SMEI as well as from other organisations to help make adjusting to life in Australia easier.
FinanceYou will need to consider both the cost of your tuition fees and the cost of living in Sydney. There are many sources of advice and support available if you’re dealing with issues of a financial nature. These issues may range from needing to look for a job or an assistance with paying tuition expenses, to obtaining information on housing and transport.
- SEEK online job search
- StudyAssist information for students about Government assistance for financing tertiary study
- The Department of Home Affairs requires all international students on student visas and their families (on 'dependant' visas) to pay for health insurance during their stay in Australia.
As a student at SMEI, there are a range of accommodation options available to suit your needs. There is generally plenty of accommodation available in the suburbs near the SMEI campus. Suburbs in close proximity to SMEI include: Burwood, Croydon, Strathfield, Ashfield, Concord, Homebush, Campsie, Five dock, Leichardt.
Real estate agents have extensive listings for houses and flats to rent. If you are intending to rent, you will need to inspect the property first, apply for it and sign a rental contract. You may need to have someone organised to share with; be prepared to advertise a room to rent; or move into an already established rental property. When renting, you will need to provide a bond that will be lodged with NSW Fair Trading for the duration of your tenancy. This should be returned to you upon leaving the accomodation in good order. Bond is four weeks rent. In Australia rent is generally paid fortnightly in advance. Rental accommodation database can be found here: https://www.realestate.com.au/rent
The noticeboards around campus or SMEI noticeboard are great places to find information about accommodation available.
SMEI campus is located 10 kilometres west of Sydney’s Central Business District - about 15 minutes by train. Burwood is a transport hub - you can easily reach most parts of Sydney by the Sydney train and bus network. Sydney has a comprehensive system of trains, buses, and ferries, see - https://transportnsw.info more information.
The Opal card is an easy, convenient way of paying for your travel on public transport. https://www.opal.com.au
Information on Support for international students offered by Service NSW: https://www.service.nsw.gov.au/transaction/support-international-students
For travel and accommodation information in Sydney https://www.sydney.com