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National University of Canberra holds the highest place in the world raking I guess...

As for Sydney - University of Sydney is ranked the best Sydney uni in the same ranking.
 

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According to US News and World Report Rankings (which ranks colleges based on the quality and influence of their research, test scores, graduation and retention rates and success of graduates) ANU is the best college in Australia and the 20th best in the world. The University of Sydney (#37) and the University of Melbourne (#38) are next.
 
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