Are you spreading your wings and moving into Melbourne on your own? There are a few costs that you will have to be aware of before taking the plunge. Below, we have listed estimated costs for a single student living in shared accommodation to help you on your way. These costs may vary depending on your circumstances and lifestyle. To help keep your head above water, we recommend setting up a budget plan and making use of your concessions!

Setting up your new home

These are the costs you will most likely encounter when moving to a new city and/or to a new accommodation.

  Estimated cost Notes
One month's rent in advance

$600-$1000
City/Brunswick

$430-$600
Bundoora

It's common procedure to pay a month's rent in advance as a lump sum.
Rental Bond
(refundable)

$600-$1000
City/Brunswick

$430-$600
Bundoora

Bond is usually one calendar month and therefore more than a 4-week's calculation.
Utilities/phone connection $150-$200 This will vary depending on the provider.
Furniture and household items $400-$1000 This cost assumes that whitegoods (e.g. refrigerator, washing machine etc.) are included. Always check with your landlord or renting agent if whitegoods are included; if not, you will need to purchase these items yourself.

Living costs

Part of becoming a grown up usually includes responsibilities like paying rent, bills, buying your own food and making sure you have transport to get around. Mind that the estimated costs below may also vary depending on whether you are frugal or a big spender.

  Estimated costs/week Note
Rent*

$150-$250
City/Brunswick

$120-$200
Bundoora

The campus you attend and the type of accommodation you are living in will affect the price.
Electricity, gas and water $30-$45 Different utility providers charge different rates.
Phone (fixed line) $10-$15 (fixed only) Mobile phone bills will vary depending on the plan you have.
Internet $0-pre-paid arrangement or plan Internet may be included in rent or it may be part of your mobile phone plan.
Food $80-$100 You can reduceyour fod bill by shopping at discount supermarkets and local markets. Also keep an eye on special offers!
Transport

$30-$50

$100 for car

Car costs include registration, insurance, fuel, parking, and maintenance.
Public transport (PT) Around $37.60 ($3.76 per trip) This rate is based on a full-fare Myki two hour trip. Concession fares are available to eligible students. Depending on your PT usage, you may find iUse Pass more economical.
Recreation/entertainment $50-$100 This cost will depend on the choice and frequency of entertainment or hobby.

*Accommodation costs are based on advertised share housing available in 2015.

Are you ready to leave your parents' cocoon and face the world of bills? Then have a look at accommodation options and some moving tips as well!