a gallon of gas -- avg 85-95 cents per litre
a lb (or kg) of fresh fruits or vegetables - not bad
a month's rent for an austere 2 bedroom apartment--very expensive
a month of local phone service- not bad
a latte (yes, really)-- 3-5 dollars aussie

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Go ANU! I studied at the ANU for part of my undergrad. I loved living in Canberra. I thought it was much cheaper than Melbourne or Sydney. I don't know much about interest rates, but in terms of day to day living expenses, I can tell you about that.

When I was there (mid to end of 2003) the prices were:

liter of petrol: somewhere around 85-95 cents (A$) per liter
kilo of fruit: I dont' remember for sure, but it was cheaper than in the states, depending on what you want
apartment: my friends pay around $100 ($AU) a week for a decent sized apartment
phone rate: not too bad, but you have to pay a connection fee for every call (had to get used to as an american..also, for long distance, you pay according to how far away you are calling even if it is the same area code)
a latte: at Cafe Essen (best coffee shop in caberra), i think a plain latte was around $AU 3-4 (not bad at all)

Enjoy Canberra! I know I did!

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