unimelb. Go to unimelb. Period.
Psssh, UMelb is not nearly as good as ANU. I should know: I've experienced both (and have plenty of friends at UMelb).
How is it better, curiously?
Erm... hard to say how, exactly. I'm a bit biased being a college kid and all, as I'd never have got such an awesome experience living at home in Melbourne. But from my point of view, ANU's courses are more difficult yet more interesting. Plus ANU is a prettier and more managable campus. I mean, at undergraduate level there's not going to be a whole lot of difference between a degree at UMelb, USyd, or ANU; they're all pretty much on par. But I have no doubt that I wouldn't be enjoying uni nearly as much were I at UMelb instead of ANU.
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Yeah, colleges ftw. My college at Latrobe is cool, 50% international students, I've got friends from every continent

Even so, I'm somewhat attracted to your college and Eriny's -there seems to be a lot to do, and I'd enjoy pitting myself against the best and brightest in debates, etc. Do you [and Eriny] have lots of opportunities within your college life to do intellectual/constructive activities? [as well as getting pissed, which is cool as well]