Icarus.
Your points about lifestyle are very well made. But as wynsock pointed out, there ain't no lifestyle!
The industry is a victim of it's own success. Instead of getting their most valuable resorce on board, the oversears of this success have simply tightened the screws. Stupid stategey! Works fine initially, but is doomed to ultimate failure as once happy and loyal staff seek out greener pastures. The problem for management of course is that these pastures will continue to grow for some years yet. QED!
So how do we fix it? You can try and play around with rosters, bidding systems, inadequate incentives and the like, but the plain fact is that there are simply not enough pilots now to satisfy the demand. And the gap is getting larger.
The only thing that will reverse the abandonment of the profession is money, and lots of it. It won't happen overnight, but you will eventually see a re-establishment of the career of pilot in the minds of young Australians. Once that's achieved, only then will you have the numbers to offer lifestyle and rostering incentives. Unfortunately I doubt that we will ever see this because in the minds of most managers it would then become unecessary! So around we go again. The industry is now made up of Max hours, Max duty, and Min rest overnights. Doesn't matter who you work for.
So what's left? You guessed it.