I have recently noticed that the number of approved Universities for the Skilled Recognised Graduate Visa (Subclass 476) has been increased dramatically.
If you have graduated from an approved University, then you may be able to apply for this visa.
When you hold this visa you can travel, work, undertake further professional studies and or study. The visa is for up to 18 months.
It is like a Working Holiday visa on steroids!
Check out this list of approved Universities:
http://www.immi.gov.au/skilled/general-skilled-migration/476/recognised-institutions.htm
Contact me if you need help applying for this visa.