Updated: 12 November 2026 · SpecTa Education

What is the estimated tuition and living cost per year for a Bachelor of Business at Monash University Australia?

For a Bachelor of Business at Monash University Australia, estimated international tuition is AUD 40,000–45,000 per year and living costs in Melbourne about AUD 20,000–25,000 per year. Total estimated annual cost: AUD 60,000–70,000. These are estimates and can change; check Monash's official page for the specific program.

For Indonesian students planning a Bachelor of Business at Monash University Australia, here are the estimated annual costs in 2026. All figures are in Australian dollars and are estimates.

Key facts

Estimated tuition per yearAUD 40,000–45,000 (Check specific program; Commerce may differ slightly)
Living costs in Melbourne per yearAUD 20,000–25,000 (Depends on lifestyle and accommodation)
Total estimated per yearAUD 60,000–70,000 (Tuition + living)
Visa living-cost evidence (2026)AUD 29,710 per year (Plus tuition and travel; more for dependants)
Subclass 500 visa application charge (2026)AUD 2,000 (Increased from AUD 1,600)
Minimum IELTS for visa (2026)6.0 overall (Monash Business usually requires 6.5 overall)
Total estimate for 3-year Bachelor of BusinessAUD 180,000–210,000 (Assumes upper tuition band and middle living costs)

Estimated tuition: Bachelor of Business at Monash

Monash lists international tuition in bands. For a Bachelor of Business, expect AUD 40,000–45,000 per year. The related Bachelor of Commerce can be slightly different, so check the exact program page. Fees are reviewed each year and can increase.

  • International tuition: AUD 40,000–45,000 per year
  • Check the specific Monash course page for Bachelor of Business or Commerce

Living costs in Melbourne

Melbourne living costs depend on lifestyle and accommodation type. Use AUD 20,000–25,000 per year as a realistic working estimate. This typically covers rent, food, transport, utilities, phone and basic personal expenses.

  • Shared accommodation is usually cheaper than on-campus or private studio options
  • Actual spending varies with lifestyle and location within Melbourne

Visa costs and proof of funds (2026)

For a Subclass 500 student visa, the application charge is AUD 2,000 per primary applicant, up from AUD 1,600. Financial capacity evidence requires at least AUD 29,710 per year for living costs, plus tuition and travel. Under 2026 SSVF changes, Indonesia is Level 2, so financial evidence and a valid English test are mandatory in most combinations.

  • Visa application charge: AUD 2,000
  • Living-cost evidence: AUD 29,710 per year, plus tuition and travel
  • Minimum English for visa: IELTS 6.0 overall

Total cost for a 3-year Bachelor of Business

If tuition is at the upper end and living costs are in the middle, a 3-year Bachelor of Business totals roughly AUD 180,000–210,000. This range assumes average living costs and stable fees; actual totals can be lower with scholarships or higher if fees increase.

Key takeaways

  • Expected total per year for Monash Bachelor of Business: AUD 60,000–70,000 (tuition + living).
  • For visa, prepare evidence of AUD 29,710/year living costs plus tuition and travel.
  • Student visa Subclass 500 application charge rises to AUD 2,000 in 2026.
  • Indonesia is SSVF Level 2 in 2026: financial evidence and valid English test are mandatory.
  • Re-check Monash fees every year; numbers can change.

Related questions

Is the Monash Bachelor of Business tuition exactly AUD 40,000–45,000?

It is an estimate. Monash sets fees for each course and reviews them annually. Check the official international student fees page for the specific Bachelor of Business and any Commerce alternative.

How much proof of funds do I need for an Australian student visa?

For 2026, you must show at least AUD 29,710 per year for living costs, plus your tuition fee and travel costs. This is the minimum evidence required by the Department of Home Affairs.

Do I need IELTS for Monash Business and the student visa?

The visa minimum is IELTS 6.0 overall from 2026. Monash Business typically requires around IELTS 6.5 overall for undergraduate entry, so aim for the university requirement.

Can I reduce costs with scholarships?

Yes. Monash offers international student scholarships, and Indonesian students can also explore LPDP and Australia Awards. Check deadlines each year.

Are the living costs in Melbourne really AUD 20,000–25,000?

That is a realistic estimate used for planning. Actual spending depends on accommodation type, cooking versus eating out, and transport; the visa financial evidence uses a separate minimum of AUD 29,710.

Sources

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