matt comments on Optimal Employment - Less Wrong
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Being Australian, I can only relay what I've heard from foreigners that I've met in Australia. With that proviso, I believe that the working holiday visa that Louie was talking about is valid for a maximum of one year, non-renewable. Staying after the term of the visa would require either (i) getting officially sponsored by an Australian company or (ii) marrying an Australian. Even in those two cases, you're likely to be forced to return to your home country to apply for the new visa.
There are self-sponsored skilled migrant visas available (which cost more, require more official qualifications, and take longer to process). At least some don't require you to leave the country. (In passing: these visas are several kinds of wrong. My government spends time and money trying to keep clever people out of my country, and requires me to spend time and money to get employees in.)