My perception of Australia right now, is that it is coming to grasp with managing a slowing economy. The boom from resources has dissipated as a consequence of China, and the rest of the world slowing. We were never going to be insulated from the macro economy forever. Compounding this slow down is a lack of depreciation of the AUD which traditionally is positively correlated with resources. This is accordingly hurting our export trade, and even our retail (everyone is still buying goods from overseas). The governor of the RBA has indicated an open mind to depreciating the currency, but he has been saying this for quite some time.

Nothing is really growing in Australia sector wise, except housing, but that is largely all pricing as opposed to volume (i.e. building houses). Think given all this, it would be incredibly difficult to come here and secure a job that is commensurate with your education and experiences. My advice if you come is to seek an internal transfer with your company, assuming you are at a MNC. Beyond that, you need to tap any networks you have here. The market is exceptionally competitive right now, you need to use whatever advantages you have.

The government lacks a long term strategy for the country, which Malaysia has (but is arguably struggling to implement). Further, the people are insular and aren't especially welcoming of immigrants compared to the US, and that will only add to their cost of living as the country ages and productivity approaches steady state; essentially the younger generation has to contend with footing the bill for the welfare of the boomer generation (read, much higher taxes).

Overall, great place to come and raise your kids if you have the opportunity (and assuming you cant go to the US, where I believe there is more opportunity for a Malaysian, larger Market, more welcoming of skilled immigrants - they only hate Mexicans/south americans who ironically are doing all the dirty work they dont want to do). But if you want to get rich, you really need to look East. The whole world is trying to pivot to Asia, as am I.