Me, myself is studying in Australia. Seriously u need to think more than twice about studying abroad if u were to make loan to support ur studies. Make assumption on worst situation such as parents get sick as they get older, u failed subjects (dun underestimate course) etc. Unless ur parents prepare a sum of money for themselves, otherwise opt for NUS which is really another fantastic uni and it is affordable too! Try not to make loan for studies. My piece of advice.

Seconded solstice818. TS, u are going to study economic and generally economists assume everything is rational. Think of ur opportunity cost of further ur studies in UK. Many of us here had given u their thought and it is totally up to ur decision. Hope all of us helped u in a way. Cheers~

Now if im not mistaken, we asa oversea students can no longer apply for the bridge visa to apply pr after graduate. Jobs opportunities here require at least pr, including internship. Gvt now is trying to control inflow of immigrant from oversea. Check out the SOL list from the immigration website. New one has just came out not long ago. Economist is not included. Still, NUS would be much better choice than Uni of Melb. Living cost is also higher than Singapore. Weekly rent is equivalent to 1 month room rent in Singapore. Ask more from Study in Australia thread. There are more experience students there. Many of them are in Uni of Melb such as Hihihehe, ostangle etc.