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@hippy
Well, speaking on a personal level, I'm here because I got sick of my job in Melbourne and wanted to travel rather than get a mortgage. Now, the travel could be a series of short and expensive trips abroad or I could just do what others have done and move somewhere in Europe and do much cheaper trips from there. Best place to move in Europe for me was here because my grandfather was English so I have a less restricted visa than most other places. I only speak English (well, Aussie) as well so moving to Germany, although cool, would be quite a bit more difficult.
English going to Oz? Well, the weather, the beaches, the cost (1:2.5 UKP:AUD) and perhaps this freakish obsession with sh1thouse television soap drama? :)