There is no dedicated Hulu Australia version of the site. So, to watch all kinds of live TV and series on Hulu, you will need to use a VPN. Once you do, you will get rid of all Australia geo-restrictions. So use a VPN and stream Hulu (Hulu with Live TV, if you want live TV) without leaving your home.
On a side note, this also answers your question about how to get around Hulu home location problems.