You can't really say that one school is better for engineering than another, as it depends on the specific major. UNSW is generally regarded as the best for most engineering courses, but not all. E.g. I did aerospace, which is better at USYD. For elec eng, I have absolutely no idea. Either way, nobody will care. Any engineering grad from Aus will tell you that it doesn't really matter where you study. You're not really comparing Macq/UTS to MIT. You're just comparing between Australian unis, which are all more or less the same. Employers won't care.
I've looked through hundreds of CV's and job applications of graduate aerospace engineers. As long as I've even remotely heard of the uni where they graduated, I don't give it a second thought. I look at more important things like relevant research projects, job experience, etc. That's how little employers will care about your actual uni degree, and even less so about where you got that degree (as long as it's not at some dodgy uni). USYD, UNSW, UTS, Macq, etc, there is zero difference. So for your current dilemma, just pick whatever. I would probably recommend Macq: You have a shopping centre right next door, and you don't need to go into the city, and it's a much nicer area to be in. These things will make your next 4 yrs much more enjoyable.