Introduction

The main aim of this study was to establish the current trends in expenditure among international students in Australia. This is very important for it can help in developing the various sensitization measures on expenditure among students. It is very important to check on your expenditure every once in a while especially when you are far away from home since being broke can lead to one doing very unpleasant things just to make ends meet.

After the study is done, relevant students will get the chance of checking on what they mostly spend on. It will then be advisable to drop all that is crippling the students financially so that they may put more effort into bettering their education while abroad.

The business group will also have a chance to place their priorities right. They will get the opportunity to know where to invest their money in as far as what is trending is concerned. The government should also keep up with the good work of bettering education system so that the country attracts more students to the country.

Literature review

Higher education is one of the backbones of the Australian economy. The country has invested a lot in making sure that it provides students from different parts of the world with quality education. By so doing, the country’s economy is growing significantly and the Australian dollar gaining value in return.

Visa restriction is one of the diplomatic ways of controlling immigration to a particular country.

Fewer Visa restrictions in Australia has significantly aided the education industry in acquiring a large number of international students. It is logical to note that people tend to travel to countries with fewer Visa restrictions as compared to those countries with a lot of visa restriction (Maringe & Carter , 2017).

There is a large number of international students in Australia whose presence is generating billions of dollars every financial year for the national treasury (Rhee & Sagaria, 2004). This has been made possible by the expensive nature of education that is why the Australian government is doing its level best to provide these students with quality and credible education. Furthermore, most parents and guardians globally prefer equipping their children with education as a tool to tackle life challenges.

The education system of Australia is diverse thus inviting many scholars annually as they offer a wide variety of credible courses. International students are therefore well spread in the various cities in Australia pursuing a wide variety of courses in different universities. This even distribution of student is a tactical way of making sure that different economic sectors benefit evenly.

The presence of international students in Australia has positively affected various sectors of the economy in the country. Tourism, for example, is exemplarily flourishing as students from far and wide come to have a glance at the beauty of this country from wildlife to nature and even landmarks (Phillimore & Koshy, 2010). This sector is not only enjoyed by students but also by friends and family of the students who come to visit their loved once from time to time.

The entertainment sector has had the lion share since most of the students are youths who have a great passion for entertainment (Jenny Lee, et al., 2016). These students make sure that they make the most of their time while in the country. Sports and entertainment sector is earning dearly from these students. This can be well illustrated by the fact that most stadiums are usually packed to capacity over the weekends as students spend their free time watching the beautiful game of football, rugby, basketball, tennis just to name but a few. The clubs are usually full as well during the weekend. The entertainment sector is, therefore, pumping a substantial amount of money to the economy on a daily basis.

These students also need to move from one place to another hence the transport sector comes in handy. The presence of these students has led to the significant growth of the transport sector over the years. This explains the development of the state of the art infrastructure in different cities of the country.

On top of all these, the clothing industry is doing great as these students pull most of their resources towards clothing. Most of them are at the point in time where hoe they present themselves to others really means a lot to them. They are therefore going for the latest design and fashion regularly. Food and housing industry are also doing very good for these two are the very basic need for any student so they are consumed largely.

Various countries are currently fighting for their share in this particular market. Competition for international students is very stiff since the economic importance of international students to a particular country has been realized to be of great importance to a country’s development in various sectors (Hazelkorn, 2009). The developed countries, in particular, are the main competitors for this market, the USA to be precise.

References

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Hazelkorn, E., 2009. OECDiLibrary. [Online]
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Jenny Lee, Jon, . J.-E. & Byun, . K., 2016. Neo-Racism and Neo-Nationalism Within East Asia: The Experiences of International Students in South Korea. Journal of Studies in International Education, 21(2), pp. 136-155.

Maringe, F. & Carter , S., 2017. International students’ motivations for studying in UK HE, Bingley: Emarald Publishing limited.

Phillimore, J. & Koshy, P., 2010. The Economic Implication of Fewer international Students in australia, Perth: Curtin University.

Rhee, J.-e. & Sagaria, . M. A. D., 2004. International Students: Constructions of Imperialism in the Chronicle of Higher Education. The Review of Higher Education, 28(1), pp. pp. 77-96.