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You can open an Australian account before you leave - I used Westpac who made the process very simple indeed. Interest rates are slightly higher in Australia so your money will earn more there but you may get a better exchange rate if you hold on a bit before sending it, but who knows? Because you will only be working a partial year in Australia you may get back any tax that you pay on interest.
If I had a huge lump of money and didn't need it for a while I would send it over in six monthly lumps i.e. 6 months x £10K a month = £60K. You can then smooth out fluctuations in the exchange rate and hopefully come out on top.
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