Almost 50 percent of Australians have a tertiary education. Sydney, Brisbane, Melbourne, Perth and Adelaide are all major cities and coastal.
Melbourne is considered the cultural heart of Australia, so students won't get bored in this city, which is known for its museums, restaurants, cafés, live music and nightlife.
The country's total gross domestic product is about $1.69 trillion. About 70 percent of that comes from jobs in the service industry. While lots of those jobs don't require an advanced degree, top-tier positions will likely be filled with college graduates.
Additional industries with a higher need for college degrees include health care, tourism, media and entertainment.