Orb's propaganda 
Objectively speaking though, if Melb didn't somehow (the degree of difference is definitely up for debate) contain some extra competitive advantage than Monash, whether it's employability, enrichment aspects, campus facilities, teaching, commerce faculty-wise why would I give up $8000 a year that Monash was offering? It's quite a lot of money, and whether the 8k is worth the difference is definitely up for debate.
I think a major tangible benefit that Monash offers is the bonus of a double degree which does ultimately enhance your career prospects, but if you were going single-degree wise, I can't think of any large enough reason to favour Monash comm > Melb.
Anyway i've listed out my reasons in another thread and every year we have 10+ scholarship awardees who spurn it in favour of UoM.
Again i'm not having a go at Monash I thoroughly enjoyed my Uni Maths subject over there and I think there are many perks to studying at Monash (Ancora Imparo sounds pretty fab Joseph!)
P.S For a personal example, I secured an internship purely from a program I was selected to at Melb. That program doesn't exist at Monash.