Owning a pet is a long-term financial commitment. While many pet owners are aware of the regular costs such as food, grooming, and preventative medication, it’s important to consider the unexpected expenses that can arise. 

Research from the Animal Medicines Authority (AMA) in 2022 highlights that ongoing costs are a significant challenge for 24% of pet owners. Australians collectively spend $33 billion annually on their pets, with food accounting for over half (51%) of this expenditure, followed by veterinary costs (14%)^. 

While initial expenses are typically higher in the first year due to the purchase cost and vaccinations, it’s important for pet owners to prepare for both expected and unexpected costs throughout their pet’s life. 

1. Purchase or Adoption Fees

Adopting a pet from a shelter usually involves a small fee, which varies based on the species and age of the animal. For instance, as of July 2022, RSPCA NSW charges $580 for a puppy under 12 months and $250 for a kitten under 6 months. 

Buying from a reputable breeder can be more expensive, with costs ranging from $500 to $3,000 depending on the breed, according to moneysmart.gov.au*. 

2. Microchipping, Vaccination, and De-sexing 

Microchipping is essential for reuniting lost pets with their owners and is often required for pet registration in most Australian states and territories. De-sexing is compulsory in some areas, such as for cats in Tasmania and both cats and dogs in Western Australia, South Australia, and the Australian Capital Territory^. Some jurisdictions offer discounted registration fees for de-sexed pets, helping to reduce costs. 

The combined cost of microchipping, vaccination, and de-sexing can reach up to $1,000 in the first year*, although these services are typically included in adoption fees for shelter animals. 

3. Council Registration Fees 

Registering your pet with the local council is a vital part of responsible pet ownership. It helps protect pets, owners, and the community, increasing the chances of pets being returned if lost. Fees vary by location and the age of the pet. For example, Penrith City Council charges $75 for a de-sexed dog registered by 6 months of age, but $252 if registered later. Generally, council registration fees range from $30 to $190*. 

4. Unexpected or Emergency Pet Healthcare Costs 

Beyond routine healthcare costs like vet check-ups and vaccinations, unexpected emergencies can be costly. According to PetSure Australia, research indicates the lifetime cost of owning a pet can be around $30,000***. Common conditions such as ear infections in young dogs’ average $315 per treatment, while older dogs may suffer from osteoarthritis, with treatment costs averaging $423 and potentially reaching $12,255#. 

Pet insurance can mitigate these expenses by reimbursing up to 80% of eligible vet bills, often covering up to $10,000 annually. Some home insurance policies offer limited pet care cover, but a dedicated pet insurance plan generally provides more comprehensive protection. 

5. Boarding and Pet Sitting 

For pet owners who travel, boarding and pet sitting are essential considerations. Boarding costs can range from $25 to $50 per day* and can quickly add up for frequent travelers or those with multiple pets. 

6. Puppy School and Behavioural Training 

Training is beneficial for pets of all ages. Costs can vary by location and provider, with average expenses ranging from $140 to $275 according to OneFlare. Proper training is important as it can prevent behavioural issues and reduce long-term costs associated with property damage. 

7. Damage to Property

Pets can cause significant damage to property, such as chewing furniture or digging in gardens. The Insurance Council of Australia notes that pet-related damage is generally not covered by home insurance, leading to potentially high repair costs. For example, replacing a chewed lounge suite could cost up to $2,000. 

8. Pet Tech Gadgets 

The rise of pet tech gadgets like GPS trackers, pet cameras, and automatic feeders is tempting for pet owners. While these devices offer convenience, they often come with ongoing costs for maintenance and subscriptions. A PetSure survey found that 21% of pet owners spend up to $500 monthly on pet tech**. 

9. The Pet Rental ‘Tax’ 

Renting with pets can be more expensive. Domain’s analysis of Sydney rental listings in March 2019 found that pet-friendly properties were 11% more expensive than those without pets, equating to an additional $60 per week or $3,120 annually~. In some states, landlords may also request a pet bond or professional end-of-lease cleaning, adding to the cost. 

From council registration fees to the pet rental ‘tax’, these unexpected costs of pet ownership can add up. Preparing a pet-specific budget, ensuring pets are de-sexed and microchipped early, and considering pet insurance are effective ways to manage these expenses and enjoy the companionship of a pet without financial stress. 

Sources

^ Pets in Australia: a national survey of pets and people, Animal Medicines Australia (November 2022)  

* “Getting a pet: how much it costs to own a dog or cat” – https://moneysmart.gov.au/family-and-relationships/getting-a-pet, Moneysmart.gov.au  

# PetSure claims data for the 2022 calendar year (January – December 2022). Pet Health Monitor 2023 report.  

RSPCA NSW, adoption fee – https://www.rspcansw.org.au/what-we-do/adoptions/adoption-fees/   

** PetSure surveyed 1,000 dog and cat owners nationwide across Australia from 14 to 17 April 2023. Research supplied by PureProfile.  

***Average lifetime healthcare costs estimated using output from PetSure proprietary modelling. This modelling incorporates PetSure claims and policy data from ~c. 2016 to the present day across all insured breeds. This estimate relies on assumptions around future healthcare cost increases and represents a 15-year view of an average animal, for the mix of breeds currently insured with PetSure brand partners.    

~ Domain research – https://www.domain.com.au/advice/landlords-who-allow-pets-could-boost-their-rental-return-by-up-to-30-per-cent-833532/ (March 2019) 

PetSure. (2022) The hidden costs of pet ownership revealed. Available at: https://petsure.com.au/knowledge-hub/the-hidden-costs-of-pet-ownership-revealed/#:~:text=The%20hidden%20costs%20of%20pet%20ownership%20revealed%201,8%208.%20Pet%20tech%20gadgets%20…%20More%20items (June 2024). 

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