Costs of Living

Researching the possible costs of living in Melbourne will help you plan your budget. Budgeting is crucial and will help you choose a suitable and affordable housing option.

Living on your own is generally more expensive. Usually the more people you live with, the cheaper it becomes. However you still need to consider whether living in a large household suits your lifestyle.

Detailed Cost of Living Estimates are listed on the Financial Aid website, however you may also find the following information useful.

Estimated Average Rental Prices

Weekly property rental prices vary according to a number of factors, such as:

• size of the property;
• location;
• condition of the property;
• additional features (garden space, garage etc).

Our estimated weekly rental figures for various housing arrangements are:

Homestay (full board) - $223

Hostels (furnished) close to Parkville Campus
Shared bathroom & kitchen facilities - $173

Residential Halls & Colleges (near or on campus)
Parkville - $443
Regional campus - prices vary significantly, contact regional campus for more information

Student apartment (furnished) close to Parkville Campus
1-bedroom single occupancy - $256
1-bedroom twin share - $299
2-bedroom - $368

Vacant property (unfurnished)
1-bedroom apartment
Close to Parkville Campus - $242
Within 6km of Parkville Campus - $188
Regional area - $112

2-bedroom apartment
Close to Parkville Campus - $335
Within 6km of Parkville Campus - $325
Regional area - $168

2-bedroom house
Close to Parkville Campus - $350
Within 6km of Parkville Campus - $305
Regional area - $175

3-bedroom house
Close to Parkville Campus - $450
Within 6km of Parkville Campus - $338
Regional area - $208

These figures are current as at 17 May 2007.

Establishment Costs

At the start of your tenancy you will need enough money to pay both the first month's rent and one month's rent as bond. You may also need to pay for utilities connection, furniture and household goods.