Chris - having read about the great drought currently going on in Oz I'm not sure it's somewhere anyone would want to move to right now!
Back to batting for Exeter...
Someone said about nightclubs?! There's a few - mostly for the pissed up alcopops market. But there's the Velvet Lounge which is a bit more 'upmarket' and the Phoenix Centre has loads of 'events' happening. Plus a fair few decent pubs n'ting.
Rental prices are (for an ex-Londoner) pretty darn good. Our place costs £675 per month - it's unfurnished (most places are down here), 2 bed Victorian terrace a 15 min walk from the centre of town, big back yard, large bedrooms, stripped wood floors, period features yadda yadda. Basically, a lovely pad

If you have transport and are prepared to live a little further out then you could get something cheaper.
It's lovely having the Quayside here to hang out during the Summer, nice cycle rides down along the river to Topsham (where I'd buy a house if I ever won a LOT of money!), nearest beach is Exmouth (20 min drive) which isn't the best - but it's so big you can always find enough space.
Oh - and the thing I've noticed? That pretty much every day, without fail, I leave the office on time and get an hour for lunch. Which, after working in London for bloody years, is very sweet indeed!
(PS but Cork and Kerry are very nice too - although
ridiculously hilly!)