Currently, all applicants with 60 points have been invited. So for instance if you lodge an EOI anytime before the next invitation round (7 October), you will receive an invitation on 7 October if you just meet the minimum points (60 points). Once you receive an invitation, you can lodge the visa. It is not true that the higher points you have, the faster you are assigned a CO. All applicants with invitations are treated equally without considering their points after they have been invited. It is based on the date of lodgement.

If you are not onshore in Australia, the chances of being hired are close to zero (for graduates with no experience).

If you really plan to work in Melbourne, first step is to apply for PR and move to Melbourne.

The thing is... how are you going to travel to Australia? on ETA? if so, you do not have a valid visa with working rights and ALL employers will not consider you at all! Unless you mean illegal workers in Chinatown, fruitpicking jobs etc. which are out of the picture

The most important thing is that you must have a valid visa with working rights, i.e. PR before you can start applying for anything.

After that, only your experience and qualifications will take into account. Please bear in mind that Australia values work experience in local Aussie land, and some English speaking countries like the US and UK only. Your experience in Malaysia or even Singapore will not impress them.

Experience and achievements in which area?
As mentioned before, most employers consider local Aussie experience only.

For instance, if you have more than 10 years of banking experience in Malaysia but have never worked in Australia, and you apply for an experienced hired position in an Australian bank, chances are you will NOT be considered at all, even for interview.

As you can see, his experience got heavily discounted. With 10 years of experience, he could be at the middle management in Asian countries.

If someone doesn't find to start from scratch, it is more likely to land on a job. However thinking about it, if you were in your 30s with 10 years of experience, do you mind starting all over again at a junior position?

Your worry is the same for the majority of immigrants. Getting a stable job with sufficient income is a major concern for most people.

Frankly speaking, if you are a career oriented person and aim to achieve high in the career ladder, Australia might not be a suitable place for you. However if you are comfortable with a middle-low level job, you could live comfortably in a better environment.

Getting straight 8s in IELTS will give u 20 points instead of 15 points.

Another option, if you are proficient in another language (e.g. Malay or Chinese), you may try to do NAATI translation or interpretation test, which u may gain another 5 points if you pass.