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Hello Mr. Burns, you asked the question I was going to ask a few Months ago but since then we have made our decision and we are moving soon. My wife and I have just purchased a home on the Central Coast of NSW about 100K North of Sydney. Although I have never lived there the quieter life and nicer home should make us happier. Been living in units most of our life so we are looking forward to a nice newish house. The prices were far far lower than Sydney, you can buy top 3br homes for 350K or good 4br's for 380K. Not right on the water but we didn't want that anyway. We are really looking forward to our change of life. We have all the facilities of the city and the city is only a 1 and a half hours drive away so if we are desperate for any of those old comforts it's not that far to go.
I hope you find what you are looking for, good luck.
PS: I like Melbourne too but it is too cold and rainy for me.
Good luck Bill, you've chosen well, I agree about the weather, winters now are boring and a bit depressing.