Money & Living Costs

The Australian dollar (AUD) is accepted for all purchases in Australia. Cash is in the following values:

    * Notes: $5, $10, $20, $50, $100
    * Gold coins: $1, $2
    * Silver coins: 5c, 10c, 20c, 50c
    (100 cents make up one dollar)

Credit cards and debit cards are also accepted in most stores.

Living Costs

In addition to your course tuition fees you'll need to allow for living costs.

The average living expenses for an international student or a local student relocating is approximately AUD $16,000 to AUD $20,000 per year (AUD $310-AUD $450 per week) to cover food, accommodation, telephone, gas, electricity, transport and entertainment. This will change depending on where you stay and the lifestyle you live.

Example weekly budget (in Australian dollars):
Accommodation (shared house or apartment)   $220-$380
Food                                                              $70-$80
Utilities - telephone, electricity, gas (shared)     $30-$40
Public transport                                              $20-$30
Entertainment                                                $40-$50
Total                                                             $350-$530

It generally costs more to live in Sydney than in other cities or towns in New South Wales. Outside Sydney, accommodation and transport costs are lower.

Estimates of common expenses (AUD):
Cinema/movie ticket             $15
Dinner (restaurant)               $25 - $35+
Lunch (cafe)                         $8 - $12
Coffee                                  $3 - $4
DVD hire                              $5 - $8
Newspaper (local)                 $1.50
Newspaper (international)     $4 - $7
Magazine                             $5 - $8

There are a large number of local and foreign banks and other financial institutions in Australia. There is also a large network of Automatic Teller Machines (ATMs) that allow you to withdraw cash 24 hours per day, 7 days per week without going into the bank.

Most banks also provide:
    * Telephone and internet banking facilities
    * Savings and cheque accounts
    * Credit cards and debit cards
    * Other financial services - loans, bank drafts, transfer of funds
    * Foreign currency exchange and travellers cheques

Bank opening hours are usually 9:30am - 4:30pm Monday to Thursday and 9:30am - 5:00pm on Friday.