Duggie, sorry no answers from me but glad you posted this as i am weighing up a similar situation in the near future. Just completing a CPL in Moorabbin but also have a Brit Passport so heading over there is an option too (although some way down the track once the market picks up).
Where about's are you flying in Aust?
Whiskey1 - where are the JAA schools in Aust?
Cheers