@nonononoway as stated in border.gov.au: The annual income option requires a student to provide evidence of personal annual income of at least AUD 60,000 (which obviously is not 1M PHP). For students accompanied by family members, the requirement is at least AUD 70,000. The income demonstrated must be the personal income of your spouse (who is not coming with you) or parents. Where both of your parents are working, their combined income can be considered for this requirement. Evidence must be in the form of official government documents such as tax assessments. Evidence in the form of bank statements or information directly from an employer is not acceptable.
***By this statement, I think this option is good for those whose 12-month living cost, tuition, and airfare sum up to more than AUD 60,000/AUD 70,000