As mentioned above, there are multiple factors you need to take into account.
When I was in your position, the first thing I took into account was where I wanted to be after I finished biomed. For me, and probably most other students in biomed, I wanted to do med, so choosing a course which gave me the highest chance of getting in was my priority. When you look at Monash, they have some reserved places for their biomedicine cohort (I think 50 places), though the total enrolment for the course is probably around 600 or more. The benefit here is that if you are in that top 50, you won’t have to do GAMSAT (yay), though clearly it’d be a challenge to get into this top 50. Because of you ATAR, you have access to a ‘guaranteed’ FFP in Melbourne’s MD program on the condition you pass the interview and maintain a 75 WAM (this isn’t difficult if you put the work in), though I mark guaranteed since this spot will come with a hefty price - given it’s not a CSP, you’d have to pay around 270k in total.
Another important factor is location. For biomed, you generally get some really shit lecture times (so many 8ams it’s scary), so thinking about travel is important. For me, unimelb was about a 15min tram, whereas the commute to Monash would’ve been over an hour (yikes).
Another thing I want to mention is that you will get the Melbourne National Merit Scholarship which is 5k, though I do remembrr the Monash scholarship being 15k in total, so picking Monash will land you an extra 10k (at this point in time it may seem a bit pointless, but in effect this pays for more or less half of the undergrad degree).
In terms of course structure and quality, I assume they are very similar, though note that the Melbourne Model requires you to take breadth subjects. You might brush this off now as something which isn’t important, though breadth can really make or break your WAM/GPA (maybe I’m being a bit dramatic here, but you get the point hahaha). I personally like having breadths because they allow me to explore things I’ve never done before (for instance I chose food for a healthy planet 2, and now I’m seriously considering the human nutrition major in biomed), though I know a lot of people who have gotten poor marks because of their breadths.
In terms of reputation and whatnot, it really doesn’t matter whatsoever, so don’t base your choice on this. Finally, it might sound silly, but some students base their choice on the atmosphere of the campus. I recently met a unimelb arts student who had transferred from Monash arts/law literally because she said she preferred the atmosphere and aesthetic at Melbourne over Monash.
Hopefully this helps
