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Top 5 Affordable Universities in Australia for Masters: An Insight on Costs, Courses & More

Australia is popularly known as the land of kangaroos and koalas. However, it is also admired for its affordable universities. That’s right! While studying abroad can often carry a hefty price tag, Australia offers a unique blend of academic excellence and financial accessibility for international students.

This article dives deep into the world of budget-friendly universities in Australia. Get ready to discover a range of Universities renowned for their top-notch programs, all while keeping your wallet happy. Plus, we'll peek into the world of student loans, ensuring your Australian adventure is within reach. Let's begin!


5 Best Affordable Australian Universities for Masters


1. RMIT University

Ranked 123rd globally according to QS rankings 2025, RMIT is renowned for technology, design, and enterprise. With over 100 Masters and 50 Bachelors programs, it's a leader in Engineering, Computer Science, and Information Systems.

The university has campuses in Melbourne and Vietnam, offering practical learning through internships and work experiences. As a top 200 university worldwide, RMIT provides numerous opportunities for students to explore their interests at an affordable cost.

Tuition Fees Range for Masters: AU$ 32,640 - AU$ 48,960

5 Popular & Affordable Courses to Study

  • Master of Engineering (Robotics and Mechatronics Engineering)

  • Master of Science (Laboratory and Clinical Science)

  • Master of Information Technology

  • Master of International Business

  • Master of Urban Planning and Environment

2. Queensland University of Technology (QUT)

QUT is a future-focused institution emphasizing hands-on learning. Ranked 213 in the world according to QS Rankings 2025, the university is in Australia's third-largest city and hosts over 50,000 students from 120 countries.

The university's courses develop skills crucial for future careers and encourage entrepreneurship. QUT offers various affordable options for international students some of which are given below:

Tuition Fees Range for Masters: AU$ 21,322- AU$ 43,300

5 Popular & Affordable Courses to Study

  • Master of Information Technology

  • Master of Data Analytics

  • Master of Business (Integrated Marketing Communication)

  • Master of Business (Applied Finance)

  • Master of Design (Strategic Design)

3. Swinburne University of Technology

Ranked 291 worldwide according to QS Rankings 2025, Swinburne is known for unique learning experiences that blend professional skills with academic knowledge. The university has strong industry ties, offering workplace experiences and career opportunities.

Swinburne excels in research across fields like Physics, Engineering, Computer Science, and more. It's committed to providing high-quality, accessible education through affordable course options.

Tuition Fees Range for Masters: AU$ 27,560 - AU$ 51,030

5 Popular & Affordable Courses to Study

  • Master of Science (Network Systems)

  • Master of Information Technology (Professional Computing)

  • Master of Cyber Security

  • Master of Business Information Systems

  • Master of Science (Biotechnology)

4. University of Tasmania

As one of Australia's oldest universities, the University of Tasmania ranks 293rd globally according to QS Rankings 2025. It offers a diverse range of affordable degrees and engaging learning experiences. The university boasts an alumni network spanning 120 countries and partnerships with various organizations.

The University of Tasmania focuses on providing excellent academics and facilities while maintaining accessibility through affordable programs. This is one of the most affordable Universities in Australia for international students.

Tuition Fees Range for Masters: AU$ 29,950 - AU$ 45,736

5 Popular & Affordable Courses to Study

  • Master of Applied Science (Biological Sciences and Physics)

  • Master of Business Administration (Shipping and Maritime Management)

  • Master of Applied Science (Environmental Management and Spatial Sciences)

  • Master of Business Administration International (Finance)

  • Master of Public Health

5. CQ University, Rockhampton

CQU is Australia's largest regional university, which ranks 495 in the world according to QS Rankings 2025 and has over 20 locations nationwide. It offers vocational, higher education, and research-focused courses. Recognized as the country's only Changemaker Campus by Ashoka U, CQU provides world-class education with high graduate employability.

The university's hands-on approach includes practical learning through lab work and project-based experiences. It is among the top 20% of universities in Australia that have made a difference in areas like social equity, student support and more.

Tuition Fees Range for Masters: AU$ 27,840 - AU$ 34,080

5 Popular & Affordable Courses to Study

  • Master of Information Systems

  • Master of Information Technology

  • Master of Engineering (Civil)

  • Master of Engineering (Electrical)

  • Master of Engineering (Mechanical)

We have seen the affordable universities to study in Australia in this article up till now. However, the fact remains that studying abroad in a country like Australia can be beyond budget for some international students.

In this case, students can take student loans for Australia. While this is a widely accepted funding option, it is important to take the right kind of loan from the right lender.

For students seeking financial assistance to fulfil their Australian study dreams, education loan advisors like Élan Overseas Education Loans can be a great support. Our experts guide and assist students throughout the loan application process, helping them secure the necessary funding to cover tuition fees and the cost of living in Australia.

With Élan Team’s comprehensive support, international students can focus on making the most of their affordable Australian University experience. Connect with us today and get started with your loan application process!

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