What to include in the cost of living
Rent (or other accommodation), utilities, groceries, restaurants, and transport are good places to start.
Rent and other accommodation
Tenants pay rent and also need to pay for electricity, gas, internet and cable services.
If you are sharing the rental of a property, you and the other tenants will probably split these expenses between you.
If you are living in a homestay, student accommodation or in a residential college on campus you may find that these expenses are included in your rental.
Utilities
In Australia, you may hear people talking about ‘utilities’. Utilities include electricity, gas, telephone an internet.
Transport and travel
Transport costs vary depending on where you live. If you travel regularly by public transport you can save money by buying monthly passes. Most universities offer easy bicycle parking. As an international student, you may be eligible for a 50% discount on the price of Myki, with an iUsepass.
Groceries and restaurants
If you plan to enjoy Melbourne’s wonderful restaurants, include the cost of eating out in your calculations. You can keep costs low by cooking your own meals.
Source link: https://www.studymelbourne.vic.gov.au/money-and-budgeting/the-cost-of-living-in-victoria