As an incoming University of Sydney students, one of the key considerations you’ll have is the cost of living in and around the University of Sydney (USYD). In this article, we will help you better understand the cost of living near USYD, let you budget effectively.
Cost of Accommodation
Your personal expenses will vary depending on your lifestyle and where you choose to live. uhomes.com offer a range of off-campus USYD accommodation. Sydney University Village, Castle Camperdown Three, Forest Lodge and Castle Newtown are some popular accommodations near UNSW sought after by students. According to recent data, the average rent for a one-bedroom apartment near USYD is around AUD$500 to AUD$850 per week, while shared accommodation can range from AUD$300 to AUD$500 per week per person. The housing price is especially higher in Sydney CBD area.
You can find a roommate to share your rent or book with friends to save money. Shared USYD accommodation on uhomes.com starts from AUD$300 weekly. uhomes.com is a rental platform offers a wide range of accommodation options for students in Australia. For example, it also provides UNSW accommodation close to campus, please browse uhomes.com for more apartment listing!
Tuition and Fees
Tuition and fees are another big expense for USYD students. For undergraduate students, yearly tuition usually varies between AUD$46,900 and AUD$62,800, whereas postgraduate students might encounter charges ranging from AUD$45,200 to AUD$80,000. In addition to tuition fees, students need to plan for necessary items such as stationery, textbooks, and laboratory equipment, which are typically specified in the Unit of Study Outline. Set aside a minimum of $500 each semester for these materials, considering choosing used textbooks to save money—making sure they correspond to the necessary edition.
Other costs involve printing and photocopying, which are charged at approximately 10 cents a page. Private tutoring costs between $50 and $80 per hour. To handle these expenses efficiently, students ought to prepare in advance, investigate moneysaving alternatives, and utilize accessible resources to cope with the financial challenges.
Transportation Costs
Sydney has an extensive public transportation system, including buses, trains, and ferries, purchase an Opal card is convenient when your travel around Sydney. A single, oneway adult fare for trips between zero and 3kilometers costs between AUD$2.24 and AUD$4. As a student, you may be eligible for discounted transport passes, which can help you save money on commuting to and from campus. On average, monthly transportation costs for students in Sydney can range from AUD$50 to AUD$150, varies from person to person.
Food and Grocery Expenses
When it comes to food and groceries, Sydney offers a wide range of options to suit every budget. A weekly grocery bill for one person is usually between $80–$280. You can save money by buying groceries at supermarkets including Coles, Woolworths and Aldi. Shopping at fresh food markets like Paddy’s Market can save you money too.
Buying lunch on campus is a more expensive option, with most meals costing $10–15 each. If you want to dinning out, a meal usually cost about AUD$20 to AUD$40. Broadway Sydney shopping center is just 12 minutes walk away from USYD campus. Grill’d Broadway, Rubyos Restaurant & Bar, and Ahgora are popular restaurants nearby.
Additional Living Expenses
In addition to accommodation, tuition, transportation, and food, it’s essential to budget for other living expenses such as utilities, internet, textbooks, entertainment, and personal items. These additional costs can add up to around $100 to $200 per week, depending on your lifestyle and spending habits.
Besides, Overseas Student Health Cover is compulsory for international students. Costs will depend on your insurance provider and your level of cover. The cost of OSHC (Overseas Student Health Cover) in Australia typically ranges from around $438 to $609 per year for a single person.
Budgeting Tips for Students
- Rent an affordable off-campus accommodation near the University of Sydney.
- Consider sharing accommodation with roommates to split costs.
- Create a monthly budget to track your expenses and income.
- Take advantage of student discounts and deals wherever possible.
- Cook meals at home to save money on dining out.
- Use public transportation or walk/cycle to save on commuting costs.
- Find a part-time job as you like.
To supplement your income and cover living expenses, many students choose to work part time during their studies. Sydney offers a wide range of part-time job opportunities in retail, hospitality, tutoring, and more. The minimum wage in Australia is around $20 to $25 per hour, which can help you cover some of your living costs.
Conclusion
The average cost of living in Sydney for students is between AUD$2,500 and AUD$3,000 per month, while the actual cost of living near USYD depend on student’s lifestyle and needs. Proper budgeting and planning can help you manage your expenses effectively. It is also essential to strike a balance between your academic pursuits and your financial wellbeing. By making smart financial decisions like rent off-campus flats, cooking for yourself, or exploring part-time job opportunities, you can enjoy your student life in The University of Sydney.
Also Read: What Are the Various Types of Student Accommodation in Sydney?
