They do! One thing to keep in mind about Australia is their minimum wage is very high (national minimum wage is around $24). This can make things incredibly expensive if you're earning income in the States or elsewhere. I visited back in 2011. At the time the US and Aus dollars were about equal. I was not prepared to pay $16 for a Subway sandwich.

Ha, not to frighten you away, of course! Just something to consider if looking at Australia for long term.