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Living in Australia

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I had a few questions about Australia.. Ok when im older I really really want to live in Australia and I mean any city but whats the cheapest?..I want to stay there For good. I love their country and everything about it.. So I looked it up and it said I need to pass a test abou their country. pay a fee for a passport and stuff. And say their pledge or something? So I was wondering.. Is this all I need to do? Am I missing anything? And no nobody im related to lives their.. And I was thinking of going to college their and getting a job so I could have my own place.. Help me!!!

Oh P.S. Dont worry about me needing to learn english because well I speak it! =P