Real Costs of Living and Studying in Melbourne
Understanding the Real Costs of Living and Studying in Melbourne as a Postgraduate Student
As a postgraduate business student at Monash University 👨🎓, I’m here to share with you the true costs of living in Melbourne for a year. If you’re from an average family in your home country and planning to study here, this information will help you budget better!
Cost Breakdown
| Item | Amount (AUD) | Notes |
|---|---|---|
| Tuition Fee | 53,900🔪 | Business postgraduate fees for 24S2-25S1 |
| Rent | 1,650🔪/month | Southbank 2b2b accommodation |
| Living Expenses | 800🔪/month | Regular grocery shopping, occasional dining out |
| Transportation | 150🔪/month | Train travel from CT to Caulfield |
| Internet & Phone | 77🔪/month | Optus internet shared with roommate + phone plan |
| Utilities (Water, Electricity, Gas) | ~40🔪/month | Shared with roommate |
| Total | 84,000🔪 | Conservative estimate, excludes travel, kitchenware, and shopping |
Tuition Fees
Monash University tuition fees tend to rise annually. The Business program saw an increase from over 6,000 AUD to more than 7,000 AUD per course this year, which is about a 600🔪 hike!
Accommodation Costs
Initially, I chose a student apartment, which cost around 480🔪 per week, inclusive of utilities. After a few months, I opted to share a 2b2b with a roommate, bringing my costs down to about 400 AUD per week, excluding utilities and internet—an experience that turned out to be quite challenging without furniture! Other more upscale apartments like SC or WSP would incur even higher costs.
Living Expenses
Your living expenses can vary greatly. If you’re someone who cooks at home, purchasing groceries weekly can keep costs down significantly, providing you with delicious meals and a chance to socialize on occasion.
Transportation Costs
Melbourne’s transportation can be pricey! Daily users can expect a cap of 10🔪 on their cards. For students traveling to Monash, using the train typically costs around 5🔪 per ride, potentially adding up to 10 AUD for a round trip within an hour.
Studying Abroad Tips
- Money-Saving Suggestions: Stock up during supermarket sales, book flights in advance, and shop for second-hand furniture!
- Insurance Advice: Don’t blindly choose the OSHC offered by your school. Depending on your budget and personal situation—even considering the HPV vaccination—private plans like UniteCare may save you more money. Interested in more details? Stay tuned for my future posts!
For more daily updates about studying life in Melbourne, feel free to follow me! I’ll be sharing more insights and experiences from the perspective of an international student living here. If you’ve been curious about specifics, keep an eye out for my next post! 😭
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Let’s connect! Follow along for more on Melbourne life, student tips, and essential insurance info that every international student should know. Your adventure in Australia awaits! #MelbourneInternationalStudent #MelbourneLife #StudyInAustralia
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