Hi Ved,
I know what you mean about flying in Australia. What I've been told is that if you have the right to work in the EU, then defiantly go and get yourself a JAR licence because it will more likely lead to an airline job as a pose to an AUS CPL
I'm going along to do the aptitude testing at FTE Jerez in Spain. I've only ever heard good things about them. As far as I can tell, being in Spain would be better than being in Northern Europe weather wise. Plus we'd be pretty much used to flying in hot weather aye