Are you planning a trip to Australia and unsure about how much money you need for your tourist visa application? Understanding the financial requirements for an Australian Visitor Visa (Subclass 600) is key to making your application process smooth and hassle-free. Whether you’re travelling for leisure, to visit family, or for business purposes, having a clear understanding of these financial requirements will help you plan your trip effectively.
In this blog, we’ll guide you through the financial aspects you need to consider when applying for a Visitor Visa, from visa costs to daily living expenses. Whether you’re travelling alone or bringing family along, understanding these financial requirements will help you plan your trip better.
Let’s begin by understanding the Australian Visitor Visa (Subclass 600) and the different streams under which you can apply.
Please Note: This article serves as a general guide to help you understand the topic, with information accurate as of the publication date. We recommend consulting a registered migration agent or check The Department of Home Affairs for precise, up-to-date guidance tailored to your specific circumstances.
Understanding the Australian Visitor Visa (Subclass 600)
Before we dive into the financial requirements, it’s important to understand the Visitor Visa (Subclass 600) itself. This visa lets you visit Australia for a short period, either for tourism, to visit family, or for business purposes. Understanding the different types of streams under this visa can help you identify which one best suits your purpose.
What is the Australian Visitor Visa?
The Visitor Visa (Subclass 600) allows non-citizens to visit Australia temporarily. This visa lets you stay for up to 12 months, depending on the purpose of your visit.
Purpose of the Visa
- Tourism: To visit Australia for a holiday, sightseeing, or relaxation.
- Family Visits: To spend time with family members who are Australian citizens or permanent residents.
- Business: For attending business meetings or short-term work engagements (without working for an Australian employer).
Types of Streams
- Tourist Stream: For tourism or visiting family and friends.
- Business Visitor Stream: For business activities, including meetings or short-term professional events.
- Sponsored Family Stream: For visitors sponsored by an eligible family member.
- Frequent Traveller Stream: For frequent visitors from specific countries – Republic of China, Brunei, Cambodia, Philippines, Laos, Indonesia, Malaysia, Singapore, Thailand, Vietnam, or Timor Leste.
- Approved Destination Status Stream: For citizens from designated regions in China who wish to visit Australia as part of a tour organised by an authorised travel agent.
Who is Eligible to Apply?
Tourists, business visitors, and family members can all apply for the Visitor Visa (Subclass 600).
The application process varies depending on which stream you apply under, with some streams requiring sponsorship and others needing specific documentation.
Now that you have an idea about the Visitor Visa, let’s move on to the specific financial requirements that apply to your application. Understanding the financial aspects of your visa application is a key step towards ensuring a successful outcome.
Financial Requirements for Australian Visitor Visa (Subclass 600)
One of the key elements of your Visitor Visa application is proving that you are financially stable to support yourself during your stay in Australia. Let’s explore how much bank balance is required for an Australian tourist visa.
Visa Application Costs:
The first financial consideration is the application fee for the Visitor Visa. The cost of application can vary depending on the stream and where you are applying from.
- Tourist Stream (Outside Australia): AUD 195.
- Tourist Stream (Inside Australia): AUD 490.
- Business Visitor Stream: AUD 195.
- Frequent Traveller Stream: AUD 1,435.
- Sponsored Family Stream: AUD 195.
Cost for Including Family Members:
- If you’re bringing family members along, each member must apply individually and will incur the same fee as above. However, the applications submitted individually can be linked together by indicating in the application..
Travel Expenses:
In addition to the visa fees, you’ll also need to account for the cost of travelling to Australia.
- Air Tickets: Airfare can range from AUD 1,000 to AUD 3,000, depending on your location, time of booking, and the season.
- Travel Insurance: While this is not mandatory, it is recommended to have travel insurance, which typically costs around AUD 100 to AUD 500.
Living Expenses in Australia:
While you’re in Australia, you need to demonstrate that you can afford your stay. Here are the key living expenses to consider:
- Accommodation: Depending on where you stay, the cost of accommodation can vary. In cities like Sydney and Melbourne, it can cost AUD 1,500 to AUD 2,500 per month for a one-bedroom apartment. In regional areas, it may be more affordable, ranging from AUD 900 to AUD 1,500 per month.
- Food: On average, food expenses can range from AUD 300 to AUD 600 per month, depending on whether you eat out or cook at home.
- Transportation: A monthly transport pass in cities like Sydney costs around AUD 150 to AUD 200. In regional areas, it will be significantly cheaper.
- Emergency Funds: It’s advisable to have extra money set aside for emergencies. Around AUD 500 to AUD 1,000 is recommended.
Now that we have a clear picture of the financial costs involved, let’s look at the specific documents required to prove your financial stability and support your visa application.
Financial Proofs and Documents Required
To meet the financial requirements for your Australian Visitor Visa, you need to submit several documents that show you can support yourself during your stay. Here’s a breakdown of the financial documents you’ll need:
1. Bank Statements:
Ensure your recent bank statements cover the last 3 to 6 months. The statements should show a sufficient balance to cover your living costs in Australia (generally AUD 5,000 to AUD 7,000).
2. Proof of Income:
Provide payslips, employment letters, or tax returns as evidence of a stable income. Self-employed applicants can provide business statements or tax returns.
3. Sponsorship Letters (if applicable):
If you have a sponsor in Australia, they will need to submit a letter of support. The sponsor must also provide their own financial documents (bank statements, tax returns) to show they can support your stay.
4. Other Supporting Documents:
If you have other assets such as savings or investments, you can provide certificates or documentation that show additional financial stability.
With all your financial documents ready, you’re one step closer to submitting your application.
Final Thoughts
Understanding and meeting the financial requirements for your Australian Visitor Visa is essential for a smooth and successful application. From visa costs and travel expenses to proving financial stability, being well-prepared will help you avoid delays and potential rejections.
If you’re ready to apply for your Australian Visitor Visa, make sure you meet all the financial requirements and submit the necessary documents. If you need personalised advice or assistance, Knowbal is here to help you every step of the way. Reach out to us today and let us assist you in making your dream trip to Australia a reality!