Hey I went through this journo course search last year and this is how I understand the situation =]
If you're prepared to move to Bathurst for three years (or four years with sport studies) it is regarded as the best journalism course.
In you want to stay in Sydney UTS offers the best metro course.
UNSW has a revamped course with a fairly highly regarded course coordinator.
USyd has a Media Communication course which isn't highly regarded around the place, but from what I've seen isn't bad at all.
Macquarie offers a generic Media course, not too sure about it.
UOW is alright, while UWS has very good facilities but isn't highly regarded either I understand.
Outside NSW RMIT Melbourne is similar to UTS, while QUT is Brisbane's equivalent (though I have heard good things about Sunshine Coast Uni and their small course sizes too).
Hope that helped!