Honestly, if you haven't heard of this place where are you living. Notorious for (sometimes obnoxcious) australians, this place can get very messy on the weekends.
Fantastic place to meet people, strike up a conversation and maybe a fling. Good chance of a snog, although use the word "pash" if your chatting up an aussie.
Don't go if you haven't an interest in sports/drinking/australia.
Walkabout Inn is a chain of Australian theme pubs that serve traditional ales, beers and wines as well as authentic dishes all day. The sport, music and food is all served in a truly relaxed atmosphere which is reflective of Australia as a whole. They can cater for private parties upon request and provide non smoking areas.