Which part of the world would be a better option?

Europe vs Australia

I just finished my bachelors in Nepal and I want to pursue and settle abroad. I am considering Europe and Australia as my options. I am an IT graduate and I want to pursue my career in IT as well. I will have a one year experience in IT before applying for masters. I am willing to work part time during my 2 years masters to pay my tuition fees for the university. I want a balanced work-life quality of life and I want to earn good bucks. Which part of the world would it be suitable among the two options provided above? If anyone has an experience I’m free to listen.

P.S. North American countries are not favored.

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