Hi Paul,
20 years ago I started the BFA at RMIT and completed the first year before having to pull out. I got in as a mature age student and was the only student in the class who hadn't done any B&W work. I did have the advantage of having used a LF camera before, which stood me in good stead.
The teachers I had were uniformly excellent. They managed to teach me, who failed year 10 maths, physics and chemistry, so that I could understand and even pass those subjects. I know the course has changed considerably with the advent of digital, but a lot of what I was taught is still being taught, and I think they are still using LF cameras for the studio classes.
I would thoroughly recommend doing this course as I know that it will really help. I know that I learnt heaps from it. It isn't cheap, but there is a saying about it. Those who complete the RMIT course, get jobs.
Go for it!!!
Mike