It used to be easier to apply before with zero experience. My niece who came here 2010 was able to apply with NBV (pre-cursor to AHPRA) with zero experience. She was able to get in ACFE in Sept of that year.
Job hunting wise, she got hired by a nursing home as a new graduate nurse. Now, she has just been promoted and got a hefty pay raise on her 2nd year. But that was definitely before.
I got my LOE last July. I had about 21 months work experience back home. Got accepted by ETEA the following month. Got offered a job by the same hospital where I did my clinical placement. I just finished my 1st month with my employer and I am loving it here.
But among 13 Filipinos in my batch from ETEA, there still are about half that still haven't found work as RN.
I don't know if it's just luck or perseverance and patience. But I have a Filipina workmate right now that went through the 1 year RN conversion route in QL last year. She took this option because she had limited work experience back home (I think 8 months only). But she still got hired immediately after her course by my employer.
In short, you will never know the outcome. It can be a combination of a lot of factors including luck. Although, I strongly believe that having a more extensive work experience back home definitely is a big plus. But so is having a very good command of the English language (both written and oral). The RN labor market here has definitely become very competitive. This is especially so in Victoria where most of the BP schools are based. Here in NSW, there still are a lot of job placements for RN's with work experience.
In the end, it's all up to you. If you have money to burn and willing to take the risk, you should go ahead and try. It will definitely be all worth it once you start working.