As part of your research into studying in Australia you would have considered all the aspects relating to the course you wish to undertake, the education provider for the course, the costs associated with the course and the outcomes you wish to achieve by completing this course.
But have you sat down and had a serious look at the cost of living in Australia?
This is one area that is glossed over by most people and a shock upon arrival in Australia, yet it is a very important aspect of your financial preparation for studying in Australia.
To help you understand your financial commitment, here are some of the costs (an approximate guide) associated with living in Australia.
Costs are given in Australian dollars and Philippine Pesos.
Accommodation (weekly)
- Hostels / Guesthouses – $90 to $150 / ₱3,150 – ₱5,250
- Shared Rental – $85 to $215 / ₱2,975 – ₱7,525
- On campus – $90 to $280 / ₱3,150 -₱9,800
- Rental – $165 to $440 / ₱5,775 – ₱15,400
General living expenses (weekly)
- Groceries / Eating out – $80 to $280 / ₱2,800 – ₱9,800
- Gas / Electricity – $35 to $140 / ₱1,225 – ₱4,900
- Telephone / Internet – $20 to $55 / ₱700 – ₱1,925
- Public transport – $15 to $55 / ₱525 – ₱1,925
- Motor Vehicle (after purchase) – $150 to $260 / ₱5,250 – ₱9,100
- Entertainment – $80 to $150 / ₱2,800 – ₱5,250
Minimum cost of living
The Australian Government estimates general annual living expenses for International Students in Australia to be:
- For you – $20,290 / ₱710,150.
- If you have a partner / spouse coming with you – $7,100 / ₱248,500.
- Any children coming with you – $3,040 / ₱106,400 (each).
Australia is a wonderful country with a world class education system, but it can be an expensive place to live for a student who is not prepared.
It is in your best interest to consider very carefully all the financial aspects relating to you studying and living in Australia. That way, you will be totally prepared and have a very enjoyable Australian experience.
WORKING IN AUSTRALIA AS AN INTERNATIONAL STUDENT
Upon arriving in Australia, you cannot work until you have commenced your chosen course, so it is extremely important that you have sufficient funds to see you through until you have gained some form of employment.
Current minimum wage In Australia
The current national minimum wage is $19.49 / ₱682.15, per hour (for workers 21 years old and above) and this is the absolute lowest that an employee can be paid. As a student you would most likely be employed on a casual basis and would also be entitled to receive 25% casual loading on this hourly rate. Your employer must also contribute 9.5% superannuation on your ordinary time earnings. This is known as the Superannuation Guarantee Contribution (SGC).
Paying taxation on wages earned in Australia
If you’re enrolled to study in Australia in a course that lasts for six months or more, you may be regarded as an Australian resident for tax purposes and pay the same tax as Australian Residents.
Maximum allowed hours of employment for international students
Once your course has commenced you are permitted to work a maximum of 40 hours per fortnight while school is in session.
There is no limit on the number of hours you can work during recognised school holidays.
Note: Exchange rate used for the above $ to ₱ calculations is 35 ($1-00 = ₱35).