Food, groceries, accommodation, living costs, lifestyle and insurance (such as your Overseas Student Health Cover) are just a few expenses that you need to consider for your budget. With your living costs, there are many components what will need to be covered.
To cover your living expenses, the Australia Government has estimated that you will need at least $24,505 per year. However, as each person is different, you should budget for approximately AUD$26,000 per year per person. This covers groceries, accommodation, public transport and entertainment: