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The University of Melbourne

Australia

Public | Estd. 1853

The University of Melbourne

Melbourne, Australia

Public -1853

February/March and July

Intakes

70-80%

Acceptance Rate

13:1

Student: Teacher Ratio

55:45

Female: Male Ratio

February/March and July

Intakes

70-80%

Acceptance Rate

13:1

Student: Teacher Ratio

55:45

Female: Male Ratio

History, Affiliations, and Rankings

The University of Melbourne was established in 1853 and is the oldest university in Victoria making it the second oldest university in Australia. The University of Melbourne started with the power to confer degrees in Arts, Medicine, Law, and Music. Today, it is one of Australia’s leading Universities that has created impactful discoveries in Biomedicine, Law, Humanities apart from making cultural contributions to the world. The University of Melbourne is affiliated with national and international academic bodies, including the Universities 21, Association of Commonwealth Universities, Association of Pacific Rim Universities, Washington University in St. Louis, and McDonnell International Scholars Academy. It is also part of the Group of 8, which comprises eight Australian universities acclaimed for their teaching and academic excellence. It has been ranked #37 globally by the QS World University Rankings 2022 and #33 by the Times Higher Education World University Rankings 2022. Furthermore, U.S. News Best Global Universities Rankings 2022 ranks The University of Melbourne at #25 globally. 

Infrastructure, Campuses, and Courses

The University of Melbourne has 7 campuses in Australia, 3 of which are in metropolitan Melbourne and the remaining in regional Victoria. The University is also a part-owner of the Melbourne Business School based in its Parkville campus, which is also the primary campus of the University. Studying at the University of Melbourne offers a distinct experience of living in Australia’s most liveable city. The University of Melbourne offers many courses in multiple fields be it in Arts, Science, Commerce and Management, Music, and Law. Students can enrol in undergraduate and postgraduate courses, graduate research degrees, short courses and micro-credentials at the University of Melbourne. Courses for working professionals are also offered at the University. What makes the University of Melbourne a sought-after choice is the breadth of academic programs, spanning 100+ study areas which the students can blend in their degree programs, as per their preferences. So, as a student at this University, you can build on your knowledge of music performance while pursuing a degree in Medicine!

Accomplishments and Alumni

Being the second oldest university in Australia, the University of Melbourne has had its fair share of accomplishments that make it a world-leading educational institution with high global rankings and quality education. Melbourne graduates have their names in the ranks of Prime Ministers, writers, actors and more, symbolizing the University’s prestige. Recently, the University’s Academics have been named as Fellows of the Academy of Social Sciences and of the Academy of Humanities. Also, the University of Melbourne is one of the members of the BIANCO, which is a consortium to fight global blindness. Many notable alumni have passed out from the University of Melbourne like Elizabeth Blackburn, winner of the Nobel Prize in Physiology or Medicine, Julia Gillard, Harold Holt and Robert Menzies, former Prime Ministers of Australia and the Indian film actor, Randeep Hooda among many others. 

Student Diversity and Visiting Companies

The University of Melbourne enrols more than 20,000 new international students every year, from more than 100 countries. Supporting a robust culture of equality and diversity, the University is accredited by the Athena SWAN to promote gender equality in the STEMM programs (Science, Technology, Engineering, Maths and Medicine) and won the Bronze Award for its implementation of the same. A global alumni network of 430,000+ graduates powers the University’s international reach. Further, there are 1600+ internship partners of the University, ensuring that students get ample industry exposure as part of their degree programs. The University of Melbourne graduates are attractive employable prospects for several multinational recruiters like Deloitte, Ernst and Young, BCG, McKinsey, and J&J. 

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International Students %

41-45%

International Students %

41-45%

AI University Course Finder FREE

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See personalized recommendations basis your profile and preferences from The University of Melbourne & similar universities.

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Masters in International Business

INR 47,712/year

Fee

24 Months

Duration

IELTS: 6.5

Qualification

Masters

Course level

On Campus

Mode of Degree

Feb, Jul

Intakes

The economics program is a popular among all those who have an interest in attending graduate school or law school The students of the economics program initially work as a junior member as the part of a team in carrying out economics research projects needed for making various business decisions The curriculum includes subjects such as Macroeconomic Analysis, Business and Economic Forecasting, Mathematical Economics, Intro to Econometrics etc. The students have the option to complete the program with a Thesis or Research Report/Creative Component This course comprises 120 credits of core and optional modules, plus a 60-credit dissertation on a subject of choice
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Masters in ManagementManagement

INR 47,712/year

Fee

24 Months

Duration

IELTS: 6.5

Qualification

Masters

Course level

On Campus

Mode of Degree

Feb, Jul

Intakes

This program is meant to educate students in creation of value by studying and analyzing data. It is a graduate level STEM (Science, Technology, Engineering & Mathematics) program. It enables the students to manage the business analytics lifecycle, starting from analysis to implementations. They bridge the gap between technically na?ve business persons and the data scientists, through their capability to develop executive reports and presentations.
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Masters in Information Technology

INR 50,272/year

Fee

24 Months

Duration

IELTS: 6.5

Qualification

Masters

Course level

On Campus

Mode of Degree

Feb, Jul

Intakes

It provides a strong base for many future business careers. It becomes a medium for the students to learn about how the separate business functions can be integrated so as to accomplish a single and coordinated effort. Courses like Financial Accounting, Managerial Accounting, Managers & Legal Environment, Managerial Economics and Organizational Behavior are taught.
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Masters in Information Systems

AUD 50,272/year

Fee

24 Months

Duration

IELTS: 6.5

Qualification

Masters

Course level

On Campus

Mode of Degree

Feb, Jul

Intakes

This program is currently not offered by the university The students will get an opportunity to learn with world leaders about the fluid mechanics, turbulence and biomechanics. group activities will give students an opportunity to integrate theory with practice. The students will also have access to fully equipped laboratories materials testing, engine/turbine testing, wind tunnel investigations, simulation and metal forming processes.
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QS

Quacquarelli Symonds (Q.S.) is a corporation based in the United Kingdom that specialises in the analysis of higher education institutions worldwide. Nunzio Quacquarelli launched the company in 1990. It publishes the Q.S. World University Rankings every year. The Q.S. rating, which is considered one of the three most widely read university rankings globally, is approved by the International Ranking Expert Group (IREG). The institution uses six metrics, namely Academic Reputation, Employer Reputation, Faculty/Student Ratio, Citations per faculty, International Faculty Ratio and International Student Ratio, that effectively capture university performance. It also publishes rankings in Young universities, Graduate Employability, and Subject Rankings. Q.S. provides an auditing service to universities, which offers information on the institution's strengths and shortcomings. The Q.S. Stars audit procedure rates universities based on over 50 different indicators.

THE

The Times Higher Education, originally The Times Higher Education Supplement (THES), is a British magazine that focuses on higher education news and topics. It annually publishes The Times Higher Education World University Rankings. It has received worldwide acclaim for its new and improved rating algorithm. Since 2004, it has provided students and their families, academics, university executives, governments, and businesses with reliable university performance data. The performance indicators are grouped into five areas: Teaching (the learning environment); Research (volume, income and reputation); Citations (research influence); International outlook (staff, students and research); and Industry income (knowledge transfer). It also produces subject rankings and rankings for Young Universities, Impact, Reputation, And Emerging Economies.

Guardian

The Guardian is a British daily newspaper that first appeared in 1821 as The Manchester Guardian and was renamed The Guardian in 1959. The Guardian University Guide is published once a year. The goal of the University Guide is to show how each university's department is likely to provide an overall beneficial experience to future students, and to do so; they look at how previous students in the department fared. A league table was created using nine performance criteria for 54 disciplines spanning all stages of the student life cycle. Entry standards, Student-staff ratios, Expenditure per student, Continuation, Student satisfaction, Value Added, Standardisation, Subject Classification, and Career Prospects are the indicators utilised by the organisation.

USN

U.S. News & World Report is American news, consumer advice, rankings, and analysis publication. It began in 1948 as a merger of the weekly newspaper U.S. News and the worldwide weekly magazine World Report. The company's rankings of Best Global universities are well-known among the wider population and significantly impact admission trends. The inaugural "America's Best Colleges" report was released by the U.S. News & World Report in 1983. Since 1985, the rankings have been produced and published annually. The magazine U.S. News & World Report rankings are based on data collected from educational institutions through an annual survey, government and third-party data sources, and school websites. It also takes into account outside opinion polls of university faculty and administrators.

Rankings

33

Global Ranking

Times-2022

37

Global Ranking

QS-2022

25

Global Ranking

USN-2022

41

Global Ranking

QS-2021

33

Global Ranking

Shanghai-2021

33

Global Ranking

Times-2022

37

Global Ranking

QS-2022

25

Global Ranking

USN-2022

41

Global Ranking

QS-2021

33

Global Ranking

Shanghai-2021

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Fees Estimate

CourseDurationFee/Year
Masters in International Business24 Months ₹3,154,626
Masters in Management24 Months ₹3,203,244
Masters in Information Technology24 Months ₹3,203,244
Masters in Information Systems24 Months ₹3,512,056
diploma in Computing12 Months ₹50,272
Bachelors in Commerce36 Months ₹44,664
Bachelors in Design (Honours)12 Months ₹46,304
Bachelors in Design36 Months ₹37,264
Bachelors in Fine Arts (Animation)36 Months ₹57,872
Bachelors in Fine Arts (Dance)36 Months ₹32,896
View All Courses
CourseDurationFee/Year
Masters in International Business24 Months₹3,154,626
Masters in Management24 Months₹3,203,244
Masters in Information Technology24 Months₹3,203,244
Masters in Information Systems24 Months₹3,512,056
diploma in Computing12 Months₹50,272
Bachelors in Commerce36 Months₹44,664
Bachelors in Design (Honours)12 Months₹46,304
Bachelors in Design36 Months₹37,264
Bachelors in Fine Arts (Animation)36 Months₹57,872
Bachelors in Fine Arts (Dance)36 Months₹32,896
View All Courses

Scholarships

This scholarship is awarded to full-time students enrolled at the institute.

Eligibility

Applicant must be the citizen of a country other than Australia or New Zealand.

Applicability

It is an automatic scholarship, no application is required.

This scholarship is awarded to full-time students enrolled at the institute.

Eligibility

Excellent academic background.

Applicability

It is an automatic scholarship, no application is required.

Amongst all the scholarships in Australia, this one is exclusively for international students wanting to pursue a research degree or research master’s program.

Eligibility

Excellent academic background.

Applicability

Round 1: 31st August 2021 and Round 2: 15th April 2022.

The Department of Foreign Affairs and Trade (DFAT) offers fully-funded scholarships to international students from all around the world.

Eligibility

This scholarship is open for all UG and PG level courses. The scholarship seeks to give students from developing countries the chance to study at participating universities in Australia and Technical and Further Education (TAFE) institutes.

Applicability

The application deadline for this scholarship is 29th April 2022.

This scholarship is awarded to full-time students enrolled at the institute.

Eligibility

Excellent academic background.

Applicability

It is an automatic scholarship, no application is required.

Application Process

  • Visit the official website of the institution.
  • Click on 'Apply Now' or 'Register Here'
  • Complete filling your education history with all the qualifications.
  • Fill in the details of your employment history.
  • Fill in your personal statement.
  • Submit the application form by paying the mentioned fees.

Documents Required

  • All official academic transcripts and grade cards
  • Passport size photographs 
  • Passport photocopy
  • Visa
  • Updated CV/Resume
  • English Language Proficiency Test Scores
  • Letter of Recommendations
  • Statement of Purpose

Admission Requirements

FAQs

The University of Melbourne is Australia's top-ranked university in the 2016 Uni Reviews rankings. The university has the highest world ranking and highest indicative graduate salary.
The University of Melbourne is Australia's top-ranked university in the 2016 Uni Reviews rankings. The university has the highest world ranking and highest indicative graduate salary.
Admission to University of Melbourne courses is moderately difficult with an acceptance rate of around 70% to 80%.
Admission to University of Melbourne courses is moderately difficult with an acceptance rate of around 70% to 80%.
Candidates must maintain a GPA of 3.0 and above to be considered eligible for admission.
Candidates must maintain a GPA of 3.0 and above to be considered eligible for admission.
Tuition costs at the University of Melbourne vary by subject. Some of the expensive programs are- Dentistry, veterinary science, and medicine.
Tuition costs at the University of Melbourne vary by subject. Some of the expensive programs are- Dentistry, veterinary science, and medicine.
The University of Melbourne’s acceptance rate is 70-80%, thus making it a selective institution.
The University of Melbourne’s acceptance rate is 70-80%, thus making it a selective institution.
Independent world rankings place the University of Melbourne at number 1 in Australia and among the leading universities internationally – number 33 (THE), 37 (QS), 25 (USN) and number 35 (ARWU).
Independent world rankings place the University of Melbourne at number 1 in Australia and among the leading universities internationally – number 33 (THE), 37 (QS), 25 (USN) and number 35 (ARWU).
The city with the greatest score in terms of stability, healthcare, culture and environment, education, and infrastructure receives the title. When you study in Melbourne, you'll be in a secure and exciting city with world-class study opportunities, services, and a diverse selection of activities.
The city with the greatest score in terms of stability, healthcare, culture and environment, education, and infrastructure receives the title. When you study in Melbourne, you'll be in a secure and exciting city with world-class study opportunities, services, and a diverse selection of activities.
The University of Melbourne is the number 1 university in the city of Melbourne in Australia.
The University of Melbourne is the number 1 university in the city of Melbourne in Australia.
Melbourne has the world's most varied student communities and universities, making it the most appealing location for foreign students. Six of Victoria's ten universities are among the top-ranked institutions in the world, according to the QS World University Rankings 2018.
Melbourne has the world's most varied student communities and universities, making it the most appealing location for foreign students. Six of Victoria's ten universities are among the top-ranked institutions in the world, according to the QS World University Rankings 2018.
Australia as a whole is a generally safe country with low crime rates and political stability. International students in Australia can feel confident that they will be accepted and respected in Australia, due to its extremely diverse culture.
Australia as a whole is a generally safe country with low crime rates and political stability. International students in Australia can feel confident that they will be accepted and respected in Australia, due to its extremely diverse culture.

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Studying in Australia

For international students, the average first-year tuition cost to study in Australia is as follows: 

Undergraduate: AUD 20,000 - 50,000 (INR 11,25,764.99 - 28,14,150.26)

Postgraduate: AUD 20,000 - 40,000 (INR 11,25,764.99 - 22,51,661.99)

MBA: AUD 80,000 - 1,00,000 (INR 42,63,668 - INR 56,74,961.00)

For international students, the average first-year tuition cost to study in Australia is as follows: 

Undergraduate: AUD 20,000 - 50,000 (INR 11,25,764.99 - 28,14,150.26)

Postgraduate: AUD 20,000 - 40,000 (INR 11,25,764.99 - 22,51,661.99)

MBA: AUD 80,000 - 1,00,000 (INR 42,63,668 - INR 56,74,961.00)

Average On-Campus Accommodation Fees in Australia: AUD 1,400 - AUD 2,500 (INR 74,614 - INR 1,33,239)

Average Off-Campus Accommodation Fees in Australia: AUD 480 and AUD 1760 (INR 25,582 - INR 93,800)

Food Expenses: AUD 254 - AUD 356 (INR 13,537 - INR 18,973)

Average On-Campus Accommodation Fees in Australia: AUD 1,400 - AUD 2,500 (INR 74,614 - INR 1,33,239)

Average Off-Campus Accommodation Fees in Australia: AUD 480 and AUD 1760 (INR 25,582 - INR 93,800)

Food Expenses: AUD 254 - AUD 356 (INR 13,537 - INR 18,973)

English Proficiency Exams to Study in Australia

IELTS: 6.5 - 7.0

TOEFL iBT: 85 - 100

PTE64 - 77

Duolingo English Test: 95 - 120 and higher

CAE: 60 - 79+

Admission Tests to Study in Australia

GMAT: 600 - 695

SAT: 1200 - 1500+

ACT: 28+

ISAT: A minimum score of 60 is required 

GAMSAT: 59 - 76 is required

UCAT: 2810+

NEET: minimum 50 percentile 

English Proficiency Exams to Study in Australia

IELTS: 6.5 - 7.0

TOEFL iBT: 85 - 100

PTE64 - 77

Duolingo English Test: 95 - 120 and higher

CAE: 60 - 79+

Admission Tests to Study in Australia

GMAT: 600 - 695

SAT: 1200 - 1500+

ACT: 28+

ISAT: A minimum score of 60 is required 

GAMSAT: 59 - 76 is required

UCAT: 2810+

NEET: minimum 50 percentile 

Part-Time Job Rules for International Students in Australia

  • The legal minimum hourly salary for simple work requiring no special skills is AUD 18.93 (INR 1014). Students may be able to earn between AUD 50 and AUD 80 (INR 2679 - INR 4286) per hour for jobs that need any additional skills.

  • While the university is in session, international students with a valid student visa can work upto 20 hours per week. There is no restriction on the number of hours an international student can work during recognised school holidays.

  • Students must follow a set of study guidelines that the Australian government has authorised.

  • Overseas Student Health Coverage is mandatory for all students (OSHC).

Types of Part-Time Jobs in Australia

There are two ways international students can get part-time jobs in Australia. They can either look for on-campus jobs or off-campus jobs.

On-Campus Jobs: On-campus jobs are available inside the university campus and are perfect for students as they can apply in different departments within their proximity. 

Off-Campus Jobs: Off-campus jobs are relatively easy but not always in proximity. These jobs include office boy, receptionist, waiter/ waitress, call centre maintenance, data entry, etc.

Students can also hunt for part-time work in a variety of professions, including:

  • Hospitality sector (including housekeeping)

  • Agricultural work 

  • Sales and telemarketing (call centre)

  • Administration

  • Tutor; skill or language exchange

  • Retail/sales jobs in supermarkets, departmental stores

  • Food and Beverage industry

Part-Time Job Rules for International Students in Australia

  • The legal minimum hourly salary for simple work requiring no special skills is AUD 18.93 (INR 1014). Students may be able to earn between AUD 50 and AUD 80 (INR 2679 - INR 4286) per hour for jobs that need any additional skills.

  • While the university is in session, international students with a valid student visa can work upto 20 hours per week. There is no restriction on the number of hours an international student can work during recognised school holidays.

  • Students must follow a set of study guidelines that the Australian government has authorised.

  • Overseas Student Health Coverage is mandatory for all students (OSHC).

Types of Part-Time Jobs in Australia

There are two ways international students can get part-time jobs in Australia. They can either look for on-campus jobs or off-campus jobs.

On-Campus Jobs: On-campus jobs are available inside the university campus and are perfect for students as they can apply in different departments within their proximity. 

Off-Campus Jobs: Off-campus jobs are relatively easy but not always in proximity. These jobs include office boy, receptionist, waiter/ waitress, call centre maintenance, data entry, etc.

Students can also hunt for part-time work in a variety of professions, including:

  • Hospitality sector (including housekeeping)

  • Agricultural work 

  • Sales and telemarketing (call centre)

  • Administration

  • Tutor; skill or language exchange

  • Retail/sales jobs in supermarkets, departmental stores

  • Food and Beverage industry

International students can stay, work, or look for work in Australia after they graduate with a post-study work visa. The length of their stay varies depending on their qualifications and study location. There are 3 types of post-study work visa options that may be available to international students.

  • Temporary Graduate Visa (subclass 485) – Post-Study Work StreamThis visa is for international students who have just graduated with an approved qualification from an Australian educational institution, regardless of their field of study, and permits them to stay in Australia for a period of 2 to 4 years.

  • Temporary Graduate Visa (subclass 485) – Graduate Work StreamThis visa is for international students who have earned skills and credentials in jobs on the skilled occupation list. The skills and credentials are generally closely tied to occupations in demand in the Australian labour market in the medium to long term. The stay may last up to 18 months.

  • Skilled Recognised Graduate Visa (Subclass 476)This visa is for international students who have earned engineering degrees from a certain educational institution in the past two years. The stay duration is up to 18 months.

Here’s our top-searched guide to know more about the Australia Work Permit

International students can stay, work, or look for work in Australia after they graduate with a post-study work visa. The length of their stay varies depending on their qualifications and study location. There are 3 types of post-study work visa options that may be available to international students.

  • Temporary Graduate Visa (subclass 485) – Post-Study Work StreamThis visa is for international students who have just graduated with an approved qualification from an Australian educational institution, regardless of their field of study, and permits them to stay in Australia for a period of 2 to 4 years.

  • Temporary Graduate Visa (subclass 485) – Graduate Work StreamThis visa is for international students who have earned skills and credentials in jobs on the skilled occupation list. The skills and credentials are generally closely tied to occupations in demand in the Australian labour market in the medium to long term. The stay may last up to 18 months.

  • Skilled Recognised Graduate Visa (Subclass 476)This visa is for international students who have earned engineering degrees from a certain educational institution in the past two years. The stay duration is up to 18 months.

Here’s our top-searched guide to know more about the Australia Work Permit

Here are the different application costs for different types of student visas that an international student requires to study in Australia:

  • Student visa (subclass 500): AUD 620 + AUD 470 (INR 33,224 + INR 25,185) if 18 and above or + AUD 155 (INR 8,306) if under 18

  • Independent ELICOS Visa (Subclass 570): AUD 535 (INR 28,669)

  • Vocational Education and Training Sector Visa (subclass 572): AUD 620 (INR 33,224)

  • Higher Education Sector Visa (Subclass 573): AUD 535 (INR 28,669)

  • Postgraduate Research Sector Visa (Subclass 574): AUD 535 (INR 28,669)

  • Student Guardian Visa (Subclass 580): AUD 535 (INR 28,669)

  • Temporary Graduate Visa (subclass 485): AUD 1650 (INR 88,418)

  • Skilled Recognised Graduate Visa (Subclass 476): AUD 405 (INR 21702)

Here are the different application costs for different types of student visas that an international student requires to study in Australia:

  • Student visa (subclass 500): AUD 620 + AUD 470 (INR 33,224 + INR 25,185) if 18 and above or + AUD 155 (INR 8,306) if under 18

  • Independent ELICOS Visa (Subclass 570): AUD 535 (INR 28,669)

  • Vocational Education and Training Sector Visa (subclass 572): AUD 620 (INR 33,224)

  • Higher Education Sector Visa (Subclass 573): AUD 535 (INR 28,669)

  • Postgraduate Research Sector Visa (Subclass 574): AUD 535 (INR 28,669)

  • Student Guardian Visa (Subclass 580): AUD 535 (INR 28,669)

  • Temporary Graduate Visa (subclass 485): AUD 1650 (INR 88,418)

  • Skilled Recognised Graduate Visa (Subclass 476): AUD 405 (INR 21702)

Step 1: Fill out the online visa application form (guided by an AUG counsellor).

Check that the balance on your credit card is in Australian dollars. 

Step 2: You cannot complete the application without paying the required Visa application fee.

Step 3: Create a Medical Referral Letter and schedule a medical examination once you've applied. A physician must perform the check-up on the Australian Immigration panel (hospital/clinic).

Step 4: Make a Biometrics appointment (if necessary). Use your Immi login account to submit any new papers.

Step 5: If your application is approved, Immigration will send you a student visa by email or mail. Australian student visas are electronic, unlike those in most other countries. As a result, your passport will not have any Visa grant labels, stickers, or stamps.

Step 1: Fill out the online visa application form (guided by an AUG counsellor).

Check that the balance on your credit card is in Australian dollars. 

Step 2: You cannot complete the application without paying the required Visa application fee.

Step 3: Create a Medical Referral Letter and schedule a medical examination once you've applied. A physician must perform the check-up on the Australian Immigration panel (hospital/clinic).

Step 4: Make a Biometrics appointment (if necessary). Use your Immi login account to submit any new papers.

Step 5: If your application is approved, Immigration will send you a student visa by email or mail. Australian student visas are electronic, unlike those in most other countries. As a result, your passport will not have any Visa grant labels, stickers, or stamps.

Some of the top high paying job industries in Australia for international students are as follows:

  • Auditors, Company Secretaries and Corporate Treasurers

  • Finance and Banking

  • Engineering, IT 

  • Accounting 

  • Management Consulting

  • Medicine and Life Sciences

  • Construction 

  • Hospitality and Tourism 

  • Education (Teachers/Professors/Trainers)

Some of the top high paying job industries in Australia for international students are as follows:

  • Auditors, Company Secretaries and Corporate Treasurers

  • Finance and Banking

  • Engineering, IT 

  • Accounting 

  • Management Consulting

  • Medicine and Life Sciences

  • Construction 

  • Hospitality and Tourism 

  • Education (Teachers/Professors/Trainers)

Australia is one of the top three study abroad destinations in the world because of its pioneering developments. Aside from the Group Eight Universities, the island country is home to some of the best academic institutions in the world, providing high-quality education in a variety of subjects. In addition, Australia is the birthplace of world-famous innovations such as Wifi and Google Maps.

Australia is a wealthy nation with a market-based economy with a fairly high gross domestic product and per capita income, with a GDP of roughly A$1.40 Trillion, ranking 13th in the world, and a PPP of AUD 52,203. Its economy is based on the service sector and commodity exports. According to Statista, Australia’s Real GDP growth rate is expected to be 2.75% in 2022.

Australia is one of the top three study abroad destinations in the world because of its pioneering developments. Aside from the Group Eight Universities, the island country is home to some of the best academic institutions in the world, providing high-quality education in a variety of subjects. In addition, Australia is the birthplace of world-famous innovations such as Wifi and Google Maps.

Australia is a wealthy nation with a market-based economy with a fairly high gross domestic product and per capita income, with a GDP of roughly A$1.40 Trillion, ranking 13th in the world, and a PPP of AUD 52,203. Its economy is based on the service sector and commodity exports. According to Statista, Australia’s Real GDP growth rate is expected to be 2.75% in 2022.

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