Will my parents' annual income of four to five lakhs be sufficient for my study loan and visa application for Australia?

No, an annual income of ₹4 - 5 lakhs (about AUD 7,000 - 9,000) is typically not enough to meet the financial requirements for an Australian student visa.

The Australian Department of Home Affairs requires proof of funds covering tuition, living expenses (AUD 29,710/year for a single applicant), and travel. They also accept a parent or partner’s annual income of at least AUD 72,465 for a single applicant.

To strengthen your application, consider:
- Securing an education loan from a recognized Indian bank
- Applying for scholarships
- Using a co-sponsor with a higher income