Prices are in Australian Dollars.
Yes, there are multiple flights from Australia to Tenerife for under $2,061. The cheapest flight booked recently is on Etihad Airways for just $2,028, but on average you can expect to pay $2,782.
There are no direct flights from Australia to Tenerife, but Cheapflights can provide you with all the information you need to find the fastest route with the fewest stops.
For as low as $3,519, LATAM Airlines can have you in Tenerife from Australia in 40h 30m. This flight may include one or multiple stops.
Flying on Etihad Airways is currently your cheapest option to Tenerife, with prices starting at $2,029. Another option worth looking into is LATAM Airlines, starting at $3,519 return.